Sixty-first annual report [1980]

1980 Sixty-First nual Report
Department of Banking and Finance
State of Georgia by
Commissioner

DEPARTMENT OF BANKING AND FINANCE
STATE OF GEORGIA ATLANTA
SIXTY-FIRST ANNUAL REPORT
YEAR ENDING DECEMBER 31, 1980
***
E. D. "JACK" DUNN Commissioner
ROBERT M. MOLER Deputy Commissioner
***

TABLE OF CONTENTS

Hi story of the Department ..........................................

Summary of Condition and Structural Changes........................... ii

Official Roster.......................................................

iv

Fi e 1d Ex ami ners . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

v

District Map..........................................................

vi

Revenues and Disbursements............................................ vii

Legal Holidays........................................................ viii

Maximum Floating Interest Rate - Real Estate Loans.................... viii

Summary of Activities of Banks .......................................

Bank Offices/Facilities Approved- Unopened...........................

3

Miscellaneous Supervised Institutions.................................

3

Summary of Additions and Deletions- Banks and Bank Offices...........

4

List of State-Chartered Banks, Total Assets, Bank Offices/Facilities..

6

Registered Bank Holding Companies and Member Banks.................... 15

International Bank Agencies and Representative Offices................ 20

Abstract of Reports of Condition - Banks.............................. 21

Comparative Statement of Earnings and Expenses- Banks................ 25

Summary of Activities of Credit Unions................................

33

Summary of Additions and Deletions - Credit Unions....................

35

List of State-Chartered Credit Unions and Total Assets................ 36

Abstract of Reports of Condition- Credit Unions...................... 41

Abstract of Statements of Income and Expense- Credit Unions.......... 42

Georgia Credit Union Deposit Insurance Corporation.................... 43

List of State-Chartered Building and Loan Associations................ 44

Report of Condition- State-Chartered Building and Loan Associations.. 44

Income and Expense- State-Chartered Building and Loan Associations... 45

Firms Licensed by Commissioner - Sale of Checks Act................... 46

HISTORY OF THE DEPARTMENT
1919 ..................... 1980
The Department of Banking and Finance was created by the Executive Reorganization Plan of 1972 as successor to the Department of Banking. The original De-
partment of Banking was created by Act of the Legislature in 1919 con-
current with the enactment of The Banking Law which deals with the incorporation of banks and the regula-
tion of the business of banking. Since the establishment of the Department in 1919, additional responsibilities have been assigned to the agency in the form of
the Georgia Credit Union Act (1925); Trust Company ~aws of Georgia (1927); Georgia Sale of Checks Act (1965); Regulated Certificated Bank Act (1966); lhe Fiduciary Investment Com-
pany Act (1970); International Bank Agency Act (1972); Georgia Business Development Corporation Act (1972); and Disposition of Unclaimed Properties Act (as it pertains to financial institutions)(l972). The Executive Reorganization Plan of 1972, in addition to changing the name of the Department, provided for the Department to be headed by a Commissioner as successor to the former Superintendent of Banks and cransferred to the Department the supervision of Stater.hartered building and loan associations. All of the foregoing Acts were subject to substantial recodification in the form of the Financial Institutions Code of Georgia (1974) which became effective April 1, 1975. Provisions of Title 13 of the Code of Georgia relating to Branch Banking and Bank Holding Companies were substantially amended effective July l, 1976 to permit multi-bank holding companies under Departmental supervision. The Georgia Credit Union Deposit Insurance Corporation (GCUDIC) was established pursuant to a 1974 Act of the General Assembly under the supervision of the Department. GCUDIC insures deposits of certain statechartered credit unions and building and loan associations.
;

SUMMARY OF CONDITION AND STRUCTURAL CHANGES IN SUPERVISED FINANCIAL INSTITUTIONS DURING 1980

The Financial and statistical information contained in this report has been compiled from the annual reports of condition submitted by the 372 Statechartered banks, 169 State-chartered credit unions, one State-chartered savings and loan association and 12 licensed money order companies operating in this State, and other statistical information made available through the examination, investigation and licensing of financial institutions and others under the supervision of the Department of Banking and Finance. The purpose of this report, required by Section 41A-315 of the Code of Georgia, is to provide
factual and statistical information that might prove useful to the financial industry and may be used by individuals and financial institutions who might be engaged in economic studies or might otherwise be interested.

BANKING DIVISION

The year-end call reports reflect a continuation of sound economic growth in the banking system. Total assets for the 372 State-chartered banks amounted to $11,756,405,000, reflecting an increase of $382,399,000 or 3.4%. When adjusted to reflect corporate reorganizations resulting in 4 State-chartered banks becoming branches or offices of National banks, State-chartered bank assets increased $888,930,000 or 8.2%.
Bank expansion through bank offices and facilities continued with an additional 22 banking offices opened during 1980 and 27 offices closed or converted, bringing the total of such offices to 428. No banks began business during the year; four banks were lost through merger in 1980.
During 1980 the Department received 47 applications by bank holding companies for permission to acquire controlling interest in additional Georgia banks. Forty-three of these applications had been approved by State authorities at year-end.
Twelve agencies and three representative offices of foreign banks had registered or had been authorized to establish an office in Georgia at year-end.
Trust activities continue to be conducted exclusively by bank trust departments and there are no separately chartered trust companies. Other depository financial institutions exercise limited trust powers in connection with individual retirement accounts authorized by the Employee Retirement Income Security Act of 1974 enacted by Congress.
Articles of Amendment of Articles of Incorporation were approved for 13 banks to increase their outstanding capital stock. The Department approved 23 Articles of Amendment creating authorized but unissued shares to be issued in the future. Thirty-four

ii

SUMMARY OF CONDITION AND STRUCTURAL CHANGES IN SUPERVISED FINANCIAL INSTITUTIONS DURING 1980 - (CONTINUED)

BANKING DIVISION (cont d)
THRIFT INSTITUTION DIVISION
SALE OF CHECKS ACT
OTHER INSTITUTIONS

banks were granted permission to issue authorized but unissued shares through stock dividends or sales. Amendments were approved for six banks to change the par value of their shares, for three banks to change their names and for one bank to acquire trust powers. Permission was granted for ll banks to issue subordinated securities; however, six rescissions were issued for either partial or total amounts approved. Seventeen applications were approved giving consent for banks to retire subordinated securities.
Credit Unions operating under State charter have experienced significant growth during l98Q Consolidated financial and statistical reports of the 169 State-chartered credit unions reflect an increase in total assets of $75,214,000 or 13.8% to a total of $618,991,000. All State-chartered credit unions provide their members with deposit protection through the National Credit Union Administration or The Georgia Credit Union Deposit Insurance Corporation.
Total assets of State-chartered savings and loan associations as of December 31, 1980 were $7,760,442. The deposits of the State-chartered savings and loan association are insured by The Georgia Credit Union Deposit Insurance Corporation.
At year-end The Georgia Credit Union Deposit Insurance Corporation had total resources of $1,876,072 and insured deposits of 127 credit unions. Additional resources are provided through reinsurance in the amount of $3,000,000.
The Department of Banking and Finance supervises the licensing of check sellers pursuant to the Georgia Sale of Checks Act enacted in 1965. Twelve companies with a total of 2,689 agents throughout the State were licensed to do business under the Act during 1980.
The Department is charged with the responsibility of supervising the operations of Bank Data Processing Cooperatives, Fiduciary Investment Companies and Business Development Corporations as well as certain limited Trust Companies in this State. There is one limited trust company operating in Georgia and one business development corporation. No fiduciary investment companies currently operate.

iii

OFFICIAL ROSTER
E. D. DUNN
Commissioner
ROBERT M. MOLER, CFE Deputy Commissioner
Reece V. Morris, CFE ...................... Deputy Commissioner for Administration John B. Kline, CFE. ..................... Deputy Commissioner for Bank Supervision
Chief Review Examiner, International Bank Agencies~ Trust, Technical and Legal
Charles W. Burge, CFE . . . . . . . . . . . . . . . Deputy Commissioner for Thrift Institutions Credit Unions, Building and Loan Associations, Check Sellers
David G. Sorrell, CFE ........................................... Training Officer Coordinator for Training and Educational Activities
Steven D. Bridges ........................................ Administrative Examiner David A. Hancock ......................................... Administrative Examiner Ralph J. Shire ........................................... Administrative Examiner
Examination Report Review, Holding Companies, Relocations~ Mergers~ Applications for Banks and Bank Offices~ Securities Approvals~ Consumer Affairs~ Technical and Legal
W. Randolph Barker ....................................... Administrative Examiner
Coordinator for EDP Activities~ Technical and Legal Dorothy L. Lee ........................................................ Accountant
Accounting and Fiscal Jeannie Benefield . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Administrative Assistant, Banks
Examination Report Review~ Call Reports~ Statistical Reports~ Technical and Legal
Barbara U. Moore ................... Administrative Assistant, Thrift Institutions
Corporate Matters, Examination Report Review~ Consumer Affairs~ Technical and Legal
Ruby S. Tucker ................................... Administrative Assistant, Banks Corporate Matters~ Consumer Affairs~ Pending Applications~ Technical and Legal
Maggie Smith ................................................... Personnel Manager Personnel
L. Jean Ethridge .......................................... Confidential Secretary Appointments~ Conferences and Seminars~ Information~ Departmental Bulletin~ Forms and Applications
Susan Brown . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Secretary/Typist Vickie Busby ..................................................... Principal Clerk Renate Carroll ............................................. Accounting Technician Sherry L. Cipolat. ....................................... Senior Secretary/Typist K. Cecelia Dixon ......................................... Senior Secretary/Typist Cynthia Englett. ................................................ Secretary/Typist Shirley Kuffrey ................................................ Secretary/Typist Alice F. Sims ............................................ Senior Secretary/Typist Barbara Wyche .................................................... Principal Clerk
iv

DISTRICT NORTHWEST
I
NORTHEAST
II
CENTRAL III
EAST < CENTRAL
IV
SOUTHWEST
v
SOUTHEAST VI
THRIFT INSTITUTIONS

FIELD EXAMINERS

DISTRICT DIRECTOR Jackson D. Hardy Thomas E. Proctor C. Douglas Peugh Robert H. Callier, Jr.
Robley S. Rigdon Norman E. Mimbs

SENIOR EXAMINERS William D. Atkins
Drexe 1 Beck Larry S. Moor
John H. Pennell II Barry L. Rooks

ASSISTANT AND SENIOR

EXAMINERS

ASSISTANT EXAMINERS

James M. Brooks

Gregory S. Akins

James E. Haley

James R. Emory

Albert K. Moore

Victor A. Greene

Jerry Cox

Steve Lyle

Larry J. Moody

Wayne Orr

E. Nanette Ansley

Ned W. Overby

William L. Hiers. III

Jane K. King

James H. Winn. Jr.

Gary V. Green

Angela Brown

Georgia High

Bi ll i e L. Reed

Grace A. Mayner

Linda S. Spivey

Emory Stanfo~r~d~------r---------------------

Hubert r~iller

R. ~~ayne Braddy Harry M. Brown
James R. Price. III

Robert L. Herndon --r- Larry T. Duke

David R. Johnston

John E. Gavin

Melinda Kinard

Michael Rosser

John F. Sutphin. II I James F. Mills W. ---;----c-:- Marshall Anderson

Jerald A. Strickland Thomas S. Garreau

Billy S. Wilson

Willie J. Cheek Robert Davis Glenn Edwards Gary Ford Larry E. Shelley Nancy L. T_a-=-t_e _____ Eugene Cline Delores S. Hazel Joyce Rowe
Eddie L. Bishop Ricky McClintock Jane L. Murphy W. Paul Westbrook. Jr.

C. Craig Smi th

Edward B. Heefner

J. Randy Barrs James E. Burton Michael Killeen George A. Reynolds

I' District Base vi

RECEIPTS AND DISBURSEMENTS FISCAL YEAR 1980

REVENUES COLLECTED:
Bank Examination and Supervision Fees New Bank, Bank Office and Holding Company
Investigation Fees Credit Union Examination and Supervision
Fees Sale of Checks Investigation and License
Fees Building and Loan Examination, Supervision
and Investigation Fees Holding Company Examination and Supervision
Fees Miscellaneous Fees and Fines
Total Revenues Collected and Remitted to Fiscal Division, Department of Administrative Services
DISBURSEMENTS:
Personal Services Travel Expense Motor Vehicle Equipment Purchase Motor Vehicle Expense Office Rent Equipment Printing Repairs and Maintenance Supplies and Materials Computer Communications Miscellaneous
Total Disbursements

$2,195,708.00
63,100.00
198,219.81
3,814.00
2,746.99
17,775.00
-0-
$2,481,363.80
$1 ,855,593. 66 278,202.09 84,091.00 8,216.10 55,673.00 12 '904. 93 8,218.88 4,458.28 l 9,514. 08
11,151.53
16,930.87 23,592.56
$2,378,546.98

vii

LEGAL HOLIDAYS
January 1......................................................... New Year's Day January 19 .............................................. Robert E. Lee's Birthday February 22 ......................................... George \Jashington's Birthday
(Observed Third Monday in February) April 26 ................................................ Confederate Memorial Day May 30 ..................................................... National Memorial Day
(Observed Last Monday in May) June 3................................................. Jefferson Davis' Birthday July 4.......................................................... Independence Day First Monday in September .............................................. Labor Day October 12 .......................................................... Co 1umbus Day
(Observed on Second Monday in October) November 11 ......................................................... Veterans Day Fourth Thursday in November . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Thanksgiving Day December 25 ........................................................ Christmas Day
(Provided that when any of the holidays enumerated above fall on a Sunday, the Monday next following shall be observed as a Legal Holiday; also, provided that when any of the holidays enumerated above fall on a Saturday, the Friday before shall be observed as a Legal Holiday.)

MAXIMUM FLOATING INTEREST RATE ALLOWABLE ON REAL ESTATE LOANS

MONTH

PERCENT INTEREST

JANUARY, 1980 ......................................................... FEBRUARY, 1980 ......................................................... .
MARCH, 1980 ............................................................ . APR IL, 1980 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
MAY, 1980 .............................................................. . JUNE, 1980 ............................................................. . JULY, 1980 ............................................................. . AUGUST, 1980 ........................................................... .
SEPTEMBER, 1980 ........................................................ . OCTOBER, 1980 .......................................................... . NOVEMBER, 1980 .........................................................
DECEMBER, 1980 ......................................................... .

12.75 12.75 13.25 14.75 15.00 14.00 13.00 12.50 12.75 13.50 14.00 14.25

viii

SUMMARY OF ACTIVITIES OF BANKS ARTICLES OF INCORPORATION FOR INTERIM BANKS APPROVED

NAME OF BANK
Citizens State-Interim Bank Alma Exchange-Interim Bank & Trust Citizens Interim Bank

LOCATION
Kingsland Alma Folkston

APPROVED
11-06-80 11-06-80 12-19-80

ARTICLES OF INCORPORATION FOR BANKS APPROVED

NAME OF BANK Bank of the South, Clayton County

LOCATION Forest Park

APPROVED 9-16-80

APPLICATIONS FOR CONSOLIDATIONS AND/OR MERGERS APPROVED

NAME OF BANK Trust Company Bank of Rockdale
and Citizens and Southern Bank of Rockdale
Bank of Pinehurst and
State Bank and Trust Co.
Trust Interim Company No. 2, Bowdon and
The Commercial Bank
The Coastal Bank of Georgia and
Coastal Interim, Inc.
First Bank & Trust Co. and
FB&T Interim Corp.
Bank of Fort Valley and
BFV - Interim, Inc.
Peachtree Bank and Trust Company and
.Peachtree Interim Company, Incorporated
Columbus Bank and Trust Company and
The New CB&T Second Mortgage Company

LOCATION Conyers)
)
Conyers)
Pinehurst)
)
Unadilla )
Bowdon)
)
Bowdon)
St. Simons Is.)
)
St. Simons Is.)
Marietta)
)
Marietta)
Fort Va 11 ey)
)
Fort Valley)
Chamblee)
)
Chamblee)
Columbus)
)
Columbus)

ACTIVITY Merger Rescission
of Merger Merger
Merger
Merger
Merger
Merger
Merger

APPROVED 2-27-80 4-08-80 4-17-80 7-16-80 7-16-80 8-20-80 10-28-80 12-31-80

SUMMARY OF ACTIVITIES OF BANKS - Continued

STATE BANKS IN LIQUIDATION

_NA_M_E_OF_B_AN_K_ _ _ _ _ _ _ _ _ _ _ _ _ _ L_O_C_AT_I~O_N _D_A_:_:.T_E_C:...;cL=-=-O_S-'ED_ _-.::D.:=.:-EPOS ITORY
~

The Hamilton Bank and Trust Company

Atlanta

10-08-76

N/A

Unpaid Claims due FDIC .......................................... Estimated Value of Remaining Unliquidated Assets ................ .

First Augusta Bank &Trust Company

Augusta

5-20-77

$3,606,910* $3,533,239
N/A

Unpaid Claims due FDIC .......................................... . Estimated Value of Remaining Unliquidated Assets ................ .

S4 ,445, 139* $3,533,802

Toney Brothers Bank

Doerun

l-05-79

N/A

Unpaid Claims due FDIC .......................................... . Estimated Value of Remaining Unliquidated Assets ................ .

$ 354 ,808* $ 713,464

* Principal only; does not include accrued interest due FDIC.

BRANCH BANKS AS OF DECEMBER 31, 1980

PARENT BANK

BRANCH BANK

LOCATION

Trust Company Bank, Atlanta

East Atlanta Branch Bank Cayman Islands Branch Bank

514 Flat Shoals Ave. Atlanta Georgetown, Cayman
Islands

Bank of the South, Riverdale

College Park Branch Bank

1876 Princeton Ave. College Park

Citizens Bank, Folkston Roswell Bank, Roswell

Nahunta Branch Bank Clairmont Branch Bank

Nahunta 3361 Clairmont Road, N. E., Atlanta

First Georgia Bank, Atlanta

Redan Village Branch Bank 4798 Redan Road DeKalb County

2

SUMMARY OF ACTIVITIES OF BANKS - Continued

BANK OFFICES/FACILITIES APPROVED BUT UNOPENED AS OF DECEMBER 31, 1980

pARENT NAME
Citizens Bank of Americus peachtree Bank and Trust
Company First Bank of Conyers Bank of Cumming The Farmers Bank Farmers and Merchants Bank The Hinesville Bank Trust Company Bank of
Gwinnett County The Peoples Bank The Citizens and Southern
Bank of Henry County Commercial Bank of Cobb
County The Rockmart Bank First Bank of Savannah Gwinnett County Bank Sea Island Bank Commercia 1 Bank The Citizens and Southern
Bank of Houston County Commercial Bank Commercial Bank of Pike
County

LOCATION

NAME OF BANK OFFICE/FACILITY LOCATION

Americus

Tripp Street Office

Americus

Chamblee Conyers Cumming Douglas
Dublin Hinesville

Decatur Drive-In Facility Northside Office Tri-County Mall Office Westside Office Westgate Office ~1i dway Office

Decatur Conyers Cumming
Douglas
Dublin Midway

Lawren cevi 11 e Peachtree Corners Office

Lithonia

Northlake Office

Norcross Tucker

McDonough

Stockbridge Office

Stockbridge

Marietta Rockmart Savannah Snellville Statesboro Thomasville

Merchants Walk Office Motor Bank Facility Mall/Waters Office
Peachtree Corners Office Statesboro Mall Office Gateway Office

Marietta Rockmart
Savannah Norcross Statesboro Thomasville

Warner Robins Russell Parkway Office

Waycross

Brunswick Highway Office

Warner Robins Waycross

Zebulon

Concord Office

Concord

MISCELLANEOUS SUPERVISED INSTITUTIONS

Business Development Corporation of Georgia ........................... . Atlanta

Reliance Corporation of Georgia (Limited Fiduciary) ................... . Chamblee

Bank-owned Cooperative Data Centers: * First Financial Management Corp .................................... . Northwest Georgia Computer Services, Inc . . . . . . . . . . . . . . . . . . . . . . . . . . . Financial Data Services, Inc ....................................... . BanData, Inc ....................................................... .
Financial Computer Services, Inc ................................... .

Atlanta Calhoun Carrollton College Park
Commerce

*Does not include departments and wholly-owned subsidiaries of major correspondent banks which may perform data processing services for others.

3

SUMMARY OF ACTIVITIES OF BANKS - Continued

SUMMARY OF BANK AND BANK OFFICE ADDITIONS AND DELETIONS DURING 1980

State Chartered

Branches

Banks

Bank Offices

& Facilities

IN OPERATION JANUARY l, 1980 ........................... 376

433 ---_

BANKS OPENING DURING YEAR.............................. 0

BANKS DELETED BY MERGERS, ASSUMPTIONS AND CONVERSIONS .. - 4 The Citizens and Southern DeKalb Bank, Avondale
Estates (12-31-80) The Citizens and Southern Emory Bank,
Decatur (12-31-80) The Citizens and Southern Bank of Fulton
County, East Point (12-31-80) Cobb County Bank, Powder Springs (10-31-80)

BANK OFFICES/FACILITIES OPENING DURING YEAR...........

+ 22

First Georgia Bank, Atlanta

Gwinnett Crossings Office, Tucker (12-29-80)

Trust Company Bank, Atlanta

Johnson Ferry Road Office, Atlanta (2-12-80)

Decatur Trust Facility, Decatur (12-8-80)

Piedmont Center Office-South, Atlanta (7-14-80)

Shannon Mall Office, Union City (10-20-80)

First State Bank of Blakely, Blakely

Damascus Office, Damascus (3-3-80)

Habersham Bank, Clarkesville

Central Habersham Office, Cornelia (2-21-80)

Tippins Bank &Trust Company, Claxton

Main Street Office, Claxton (4-21-80)

White County Bank, Cleveland

Helen Facility, Helen (ll-19-80)

The Citizens and Southern Bank of Dublin, Dublin

Dublin Mall Office, Dublin (8-16-80)

The Bank of Duluth, Duluth

Lilburn Crossing Office, Lilburn (10-27-80)

First Citizens Bank, Fayetteville

Peachtree City Office, Peachtree City

( 10-30-80)

Peoples Bank, LaGrange

I-85 Office, LaGrange (9-4-80)

Trust Company Bank of Gwinnett County,

Lawrenceville

Lilburn Office, Lilburn (10-6-80)

The Farmers Bank, Locust Grove

McDonough Facility, McDonough (5-5-80)

First United Bank, Montezuma

Oglethorpe Office, Oglethorpe (6-30-80)

The Citizens and Southern Bank of Gwinnett

County, Norcross

Rockbridge Road Office, Stone Mountain

( 7-21-80)

4

SUMMARY OF ACTIVITIES OF BANKS - Continued

SUMMARY OF BANK AND BANK OFFICE ADDITIONS AND DELETIONS DURING 1980

Continued

State Chartered

Branches

Banks

Bank Offices

& Facilities

The Bank of Quitman, Quitman

Lee Street Facility, Quitman (5-19-80)

The Carver State Bank, Savannah

Habersham Street Facility, Savannah (4-10-80)

Farmers &Merchants Bank, Sylvania

Westside Office, Sylvania (6-9-80)

The C &S Bank of Tifton, Tifton

Town and Country Facility, Tifton (5-19-80)

The Bank of Zebulon, Zebulon

Williamson Office, Williamson (12-22-80)

BANK OFFICES/FACILITIES DISCONTINUED DURING YEAR ...

- 27

The Citizens and Southern DeKalb Bank, Avondale Estates

Belvedere Office, Decatur (12-31-80)

The Citizens and Southern Emory Bank, Decatur

Buford Highway Office, Chamblee (12-31-80)

Candler Road Office, Decatur (12-31-80)

Chamblee Plaza Office, Chamblee (12-31-80)

Covington Highway Office, Decatur (12-31-80)

Emory Village Office, Atlanta (12-31-80)

Executive Park Office, Atlanta (12-31-80)

North DeKalb Office, Decatur (12-31-80)

Northlake Office, Tucker (12-31-80)

South DeKalb Office, Decatur (12-31-80)

Toco Hills Office, Atlanta (12-31-80)

Tucker Office, Tucker (12-31-80)

Winters Chapel Office, Doraville (12-31-80)

The Citizens and Southern Bank of Fulton County,

East Point

Cleveland Avenue Office, East Point (12-31-80)

College Park Office, College Park (12-31-80)

North Springs Office, Atlanta (12-31-80)

Roswell Office, Roswell (12-31-80)

Sandy Springs Office, Atlanta (12-31-80)

Cobb County Bank, Powder Springs

Austell Office, Austell (10-31-80)

Cumberland Mall Office, Atlanta (10-31-80)

Kennesaw Office, Kennesaw (10-31-80)

Mableton Office, Mableton (10-31-80)

Oakdale Office, Smyrna (10-31-80)

South Cobb Office, Austell (10-31-80)

South Roswell Road Office, Marietta (10-31-80)

Roswell Bank, Roswell

Briarcliff Facility, Atlanta (12-15-80)

Commercial Bank, Thomasville

Jefferson Street Office, Thomasville (6-4-80)

IN OPERATION DECEMBER 31, 1980 .................... .

372

428

5

OLPARTHENT OF PANI<ING ANn FINANCE LIST OF STATE BANKS

CITY

cout~Tv

NA~F OF BANK

ABBE VI LU
ADA IF SVI Llf AOEL
AIlf Y ALAI<l ALAF ti'A ALE'ft.t-:Y

WILCOX
BARTOW
CGl'l<
MCI..:TGCMHY ~~ f-:E f LLP
l'Hf<IlN
DCL'GHE RTY

AllEJHPWN
ALMA
AlPHArETTA
Af1EPICUS

WILK INSflN
B ACOIY
F L!L TON Sl',..HR

ARLH;rTflN
ASI-!f'URN
ATHU:S

CALHOUN TURNEf
CL/IRKE
FULTON

AUGUST." AUSTEll
BA If';f F lD Gf
BALL C:POUND BARt f SVJLLF BARidO' BAXLrY
BLACKSI-'E A~
BU IR~VILL[
BLA!([ l Y
BlUf fdDGE BOSTCt'
BOWDC~
BOIH'Itt
BRASEl Tot~
BREI-'U

R ICtWL'ND Crf'P
DfUTlW
CHfRrlfEE
LAf~AR
BFOPKS APPLH;G
P IE!<Cl
UNW~i
EARLY
F JlNN HI
Tf-<L MAS CAFFtlll ElPf:PT
JACI<~CN
HARAL Sf!N

* ~F~f~R fEOfRAL RESLRVE SYSTEM
AMOUN~S ARL IN ~HOUSANOS

CORSlY STATE PA~K
WILCOX COUNTY STATE RANK *BANK UF ADAIRSVILLE ADEL BANKING COMPANY fARMERS AND MERCHANTS BANK ~ONTGOMERY COUNTY BANK WHEELER COUNTY STATE PANK f'ANK (If ALAPAHA FIRST STATE fANK & TRUST CnMPA~Y SEC.l.IPITY BANK AND TRUST COMPANY
OF ALBANY THE CITIZENS C SOUTHEkN fANK OF ALBANY THE FOUR COUNTY BANK
~LHA EXCHANGE BANK C TRUST FULTON COUNTY PANK PANK OF COM~FRCE CITIZENS BANK OF AMERICUS SUMTER COUNTY fA~K FOSTWICK BANKING COMPANY
A SHE' URN BANK
THE CITIZENS PANK OF ASHPURN ATHENS BANK AND TRUST
fiRST AMERION :lANK AND TRUST C1MPANY *CITIZENS TRUST PANK ~FIRST GfORGIA BANK
*TRUST COMPANY BANI< *GEORGIA RAILROAD BANK C TPUST COMPANY
THE CITIZENS AND SOUTHERN BANK OF COBEI COUNTY
lHf CITIZENS RANK ANO TRUST COMPANY THF FIRST POPT CITY BANK
CITIZFNS BANK l M~AR ST ATF PANK f~R~JCK BANKJNC COMPANY
fAXLEY STATE ~ANK FEOPLES STATf f'ANK
*THf 8LACKSHAP PANK
Ff:OPU:S PANK UNION COUNTY BANK f ANI< PF- FARLY fiRST STATE ~ANK QF BLAKFLY FANNIN COUNTY ~ANK PfCPLFS PANKING CO~PANY THf CDMMfRCIAL BANK THE AMERICAN BA~K PRASEL TON PM:K I NG COMPANY CO~MfRCIAL t FXCHt~Gf BANK

CHAPHR DATf

f'EGAN BUSINfS$

NO. OF OFFICES

TOTAL ASSHS**

10-04-1972 4-22-19"2 3-21-1A09 2-27-19?9
12-11-1947 2-24-1926 1-15-1945 3-04-1905 3-31-1961 4-17-1970
5-06-1943 8-18-1941 9-30-1939 2-06-1'?2D 10-13-1891 2-20-1937 10-01-1973 B-27-1935 7-03-1900 7-27-1905 3-12-1976 9-24-194'1 7-12-1921 12-05-1934 9-21-lfl91 ll-15-1P92 1-03-191:}
11-08-1911 4-03-1974 9-28-1926 4-14-1971 2-16-19f.7 B-23-1917 5-04-1966 7-07-1892
8-01-194~
2-18-1949 4-03-1941 5-06-1937 5-29-1916 1-29-1947 9-22-1926
12-02-19~6
12-13-1943 1-18-1949

10-04-1972 4-22-1952 3-24-1899 3-0J-1<}29 1-15-l94fl 3-01-19?6
1-17-194~
3-25-190!i 3-31-I9fl 8-31-1970
6-01-1943 9-15-1941 10-14-1939 4-1?-1920 1-02-1892 3-25-1937 10-Zfl-1974 3-01-1936 7- 1900
IC-25-19(1~
10-07-176 11-0I-1949
8-17-1971 1-0I-19?5 ll-OP-1P91 12-31-1!'92 1-Io-I91o
12-19-1911 I0-07-1974 10-01-19?6
6-01-1972 6-0I-1967 P-25-1917 7-('1-19t6 7-07-182
P-(l~-1946
3-01-}9~0
4-28-1941
~-15-1937
f.-(16-1916 4-01-1947 9-2?-19?6 1-03-19t->7 12-1P-1948 2 -OJ -1949

0

$

1,?70

1

10,600

0

8,!331

I

29,981

0

6,480

0

7,76?

0

6,918

2

18,136

5

111,301

2

34,675

6

129,359

0

11 5 80

1

18,'t33

0

25,'t00

1

45,6 77

1

3So975

0

19,110

0

9,474

0

28,418

0

25,249

1

11,175

I

35,'Hl

2

52,012

7

150,310

41

1,960,703

16

392,073

6

95,681

0

3~, ,051

0

20,467

I

19 ,I 76

1

15,006

0

(,237

0

36,430

0

12,063

0

17,361

0

19' 142

0

26,708

0

15,997

1

21,300

0

30,369

0

8,391

1

75,934

0

6, 755

0

2,419

l

18,721

CITY
BRE:t'U: BROOI<'U T BROXTC'f' BUEI'.A VISTA BUFOF D
BUTlfP
BYROI:
CADIJE.ll
CAIFQ
CALHeUN
CA~ILLA
CANTDt:
CARNLSVILU CARRllllTON
CA~TEFSV ILLE-
CAVE SPRING CHAMPLfE CH ... TS~:nRTH CHr STEP
CHICKAt'AUGA CLARI<FSVILlf
CLARKSTON
CLAXlfT
CLAYTO
CLE:VF LH'fl
COi<f:'TO:N
COCHRM;
COU:'lll TT

((!UtJlY
HARALSON BlllOCH COFFEE: MARION
G~iiNN TT
TAYLDR PfACH LAURENS
G~AOY
GORO(l~.
H ITCHELL
C tllP Cl<f E
FRANKLIN
CARROLl
BAf'T Or<
FLCYD
OFI< AlP MURRAY
DOOGf
WALKER
HAf\EFSHA~ D~KAlf'
EVANS
WHJH
TATlNALL BUCKLEY
MILUP
foi!JSCPGEE

comf r cr CONCCP ['
CONYFF~

JHKSUN
P IKF
RflCK CALE

* Mfttrq; ffOLRAL ~LSF~:Vf. SYSTH~ ** ~,~~ouNTS ARt IN lPOUSAt~ClS

DEPARTMENT OF BANKING AND FINANCE
LIST OF STAT BANKS
rAM( Of E'ANI<
THF CITIZENS & MERCHANTS BANK FARMERS f. MERCHANTS BANK BROXTON STATE: BANK BUENA VISTA LOAN AND SAVINGS BANK FIRST CO~MERCIAL BANK THE CITIZENS STATE BANK MIDOLE GEORGIA SANK fARMERS STATE BANK CAIRC BANKING COMPANY C ITIZE:NS BANK GORDON COUNTY RANK PANt< Of CAMILLA PLANTERS & CITIZ~NS BANK eANK OF CANTCN fTPWAH P.ANK fiRST BANK AND TRUST THf CARROLLTON STAlE PANK lHf PE_OPLES PANK PAPTCW COUNTY P.ANK THf CITIZENS AND SOUTHERN P.ANK
OF PARlOW CCUNTY PANK Of CAVE SPRING PEACHTREE BANK AND TRUST CPMPANY COHUTTA AANKINC CO~PANY flANK Of CHESTFR PANt< Of CHICK~~AUGA HAI'f RSHMl BANK CITIZENS DEKALA BANK THF CLAXTON :ANK TIPPINS BANK [ TRUST COMPANY PANK OF CLAYl!W RAPUN COUNTY tANK TPf PEOPLES PANK WHITE COUNTY F~NK THE BROWN BA!\K COOK BANKING COHPM!Y STATE BANK Of COCHRAN CITIZENS BANK THE PEOPLES EANK COLUMBUS BAhK ANO TRUST COMPANY TRUST COMPANY OF COLUMBUS rFRCPANTS AN[ F~RHlRS B~NK
Uf COHlR, GEORGIA MWTHf A~H ~N P ANKING CDMP.aNY CO~PfRCIAL BANK OF PIKE COUNTY F !PST BANK DF CONYE'PS TRUST C[1MP AliY B~NK OF IWCKDALE

CHARTER OATf

BFG.a.N
f.USJNESS

NO. OF OFFICES

TOTAL ASSfTS**

6-09-1970 2-04-1948 B-04-1%6 9-22-1887
1-18-1946 9-04-1926 10-30-1962 B-?3-1972 ll-23-1903 12-03-1903 12-27-1967 ll-04-1889 9-20-1904 ll-l7-18n 1-22-1927 7-18-1960 4-21-1972 11-10-1909 6-07-1973 12-20-1947

11-16-1970 2-17-1948 9-o1-19t6 9-01-18f9
2-11-1946 9-04-1926 2-04-1963 8-23-1972 11-23-1903 I-01-1904 I-02-1969 1-02-1890 5-24-1913 12-18-11'192 1-29-1927 B-OI-1960 <-01-1972 12-o1-19r9 3-2R-197lf
ll-19-I9lffl

12-15-1%6 3-17-19f,O 7-17-1905 6-14-1966 2-16-1910 5-13-1904 4-10-1969 2-24-194] 8-30-1940 6-30-1904 5-01-1974
12-11-1945 12-02-1975
6-24-1970 4-24-1942 12-22-1921 3-24-1924 3-16-1973 12-24-1888
3-19-19~4
10-03-1935

6-15-19t7 5-06-19f 0 I-24-1906 9-2t-19f6 5-10-1910 5- 1904 3-06-1970 2-24-1941 9-03-1940 7-01 -190ft 10-10-1975 7-0l-1946 10-29-1976 6-24-1970 7-0l-1942 I-05-1922
4-21-1924 I0-19-1973 4-01-1RP9
3-19-19"4 10-10-1935

B-25-Hl91 10-29-1903 ll-I7-19f.9 10-15-1fl91

1?92 11-29-1903 6-24-1970 6- 19()1

0

$

I

0

0

2

0

1

0

1

0

0

0

0

2

1

1

1

2

D

D

0
9 2 0 I 3 5 2 1 1 0 1 1 0 0 0
0 0 13 4 1

0 0 1 7

5,52t16,S57 10,566 12,527 26,S69 20,650 16,904
4,026 26,584
7,052 13,H6 20,949 2P,796 48,714
~0,167
21,596 10,613 52,242 11,687 22,H2
4,557 135,192
30,037
3 ,::no
17,428
~5,991
21,280 22,193 14 ,HJ 37,286
8,746 41,490 17,499
3,533 12,591 18 ,:)70 23,116 13,068 282,251 '+1 ,2lf0
8,162
15,1'+8 4,943
20,271 54,280

OI:PARTMH T OF BANKING AND FINANCE

LIST OF STATE BANKS
----------------------------------------------------------------------------------------C-H-A-R-T-E-R--------B-E-G-A-N-------N-O-.--O-F--------T-O-T-A-L--C-IT-Y-----------------------------C-O-U-N-TY--------f.:-A-K-E--O-F--B-A-N-K-----------------------------------D-A-T-E--------B-U-S-I-N-E-S-S-----(I-F-F-I-C-E-S------4-S-S-H--S-*-*

COOLIDCE CORDELE
CORNEL lA
COVINGTON CRAWFOPD CRAWFORDVILLE CUMMINC
CUTHHPT
DAHLONEGA DALLAS DALTON

DANIEL SV ILLF DARIH' DAWSON

DAWSVN VI LLf
DEXTER DONALSONVIllE

CXl

DORAVILLE

DOUGLAS

OOUGL A SV Ill E

DUBL lt-1

OUDLFY DULUTH
EASTMA~:
EATONTON
E:o 1 sm.:
ELt:IERHJN ELLAVILLE ELLIJf.Y
FAIPFUF'N

THOMAS

FARMERS AND MERCHANTS BANK OF THOMAS CTY 12-18-1911 11-20-1911

1

CRISP

CORDELE BANKING COMPANY

5-31-1927 6-15-19l7

1

FIRST STATE BANK IN CORDELE"

12-03-19~8

1-03-1939

1

HABERSHAM

CORNELIA BANK

7-03-1900

8-04-1900

3

FIRST BANK Of HABERSHAM

9-14-1979

9-15-1979

2

NEWTON

THE BANK OF COVINGTON

4-10-1901

lJ-10-19('1

1

OGLE THORPE

THE COM~ERCIAL BANK

9-02-1924

9-05-1924

0

TALIAFERRO THE PEOPLES BANK

12-08-1947

1-02-1948

0

F (lRSYTH

f'ANK OF CUMMING

10-ll-190~

10-19-1904

0

FORSYTH COUNTY BANK

6-15-1964

9-26-10(:4

1

RMWOLPH

CITIZENS BANK

2-o1-193e

3-01-1938

0

FIRST STATE RANK Of RANDOLPH COUNTY

12-31-1958

1-02-1959

1

LUMPKIN

BANK Of DAHLUNEGA

5-27-1914

5-27-1914

0

PAULO I NG

THE CITIZENS BANKt DAlLAS, GfOPGIA

7-23-1962

3-15-190

2

WHITFIELD

HARDWICK BANK & TRUST COMPANY

2-17-1972

2-20-19Z2

3

THE BANK OF DALTON

12-26-1911 10-12-1912

2

THE CITIZENS AND SOUTHERN f'A~K OF DALTON

9-25-1969

1-05-1970

1

MADJ SON

BANK OF OANJFlSVILLE

I2-ll-1904

1-15-1908

0

MCINTOSH

THE DARIEN PANK

12-08-18'8

I-24-1R89

1

TERRELL

E'ANK Uf DAWSON

6-29-1911

7-01-1911

0

PAM< OF TERPUL

3-23-1936

5-01-1936

1

DAHSON

DAWSON COUNTY BANK

7-oi-1953

7-13-19~3

0

LAUF:ENS

THE KNIGHT STATE BANK

1-30-19f 7

2-01-19t7

0

SEMINOLE

CO~MERCIAL STATE BANK

10-21-1938 12-16-1938

1

MERCHANTS AND FARH!:RS BANK

9-24-1925

9-74-1925

1

OEKAL5

THE NORTHEAST CQ~MERCIAL BANK

3-12-1968

5-05-1969

0

COFFEE

COFFEE COUNTY BANK

6-19-1931

7-0l -1931

0

THE EXCHANGE BANK

5-11-197I

5-11-1971

1

THE FARMERS BANK

5-?2-1945

7-05-1945

1

DOUGLAS

DOUGLAS COUNTY BANK

5-18-1973 6-24-1974

0

THE COMMERCIAL BANK

4-24-1942

5-01-1942

2

TRUST COMPANY !:ANK OF DOUGlAS COUNTY

8-11-1959

5-09-I960

3

LAUPENS

FARMERS AND ~ERCHA~TS BANK

5-26-1910

7-oc-1910

2

THE CITIZENS AND SOUTHERN BANK Of DUBLIN 10-29-I928 ll-01-19Zfl

3

THE MORRIS STATE BANK

7-31-19"'8 10-(1?-1958

1

LAURENS

BANK OF DUOU: Y

10-02-1905 }}- 19(15

0

GWINNETT

BANK Of THE SOUTH,GWINNfTT COUNTY

1-22-1945

2-17-1945

1

DODGE

f.ANK Of EASTMAN

12-28-1918

1-0?-1919

0

CITIZENS BANK & TRUST COMPANY

3-12-1949

4-01-1949

1

PUTNAM

fARMERS & ME~CHANTS BANK

10-30-1922 11-15-1922

0

THE PEOPLES.BANK

3-16-1944

5-01-1944

0

CALHOUN

THE PANK OF EDISON

9-24-19()4

1904

0

E:LB!:PT

GRANITE CITY BANK

12-03-1927

1-02-19?8

2

SCHLEY

BANK OF ELLAVILLE

9-I0-1910

9-16-1910

0

GILMER

FIRST STATE BANK Of GILMER COUNTY

11-05-1973

8-.?9-1974

0

THE BANK OF ELLIJAY

5-21-1914

6-01-1914-

1

fULTON

FAIRBUNN BANKING CU~PANY

9-14-1891

1902

1

6,821
34 t 711
28.~59
45 ,:>59 41,555 53,368
lOt 736
8 t '}28
52t289
~0,9ft9
16,709 12,575 31.230 lf't545 69,032 34,933 12,138
6 ,BlJ2
16.~00
27,064 30,?94 11 ,348
7,078 19,659 H,ll6
6,271 22 ,881 14 1 609 57,221
5,370
40,:>3~
33 t 142
52,~63
73,803 35,2lJ3 14,236 3It863 25,615 27,159 22.224 18.414 l2tB9 ftlt770
!'lt 95 7 9,553 32,013 21,194

* ~E~PER fEDERAL RESERVE SYSTEM ** AMOUNTS ARl IN THOUSANDS

DEPARTMENT OF BANK lNG ANO FINANCE

LIST Of STATE BANKS

----------------------------------------------------------------------------------------C-H-A-R-T-E-r--' -------H-C-:-A-N-------N-O-.--O-F--------T-O--H-L-~

CITY

CDUNTY

~'AME OF PAN!<"

DATE:

PlJSHIESS OFFICES

ASSETS*~

-----------------------------------------------------------------------------------------------------------------------------------

FAYTTlVILLE
F ITZHF:ALC
FOLI<SH'N
FOfc:FST PARK
FOI<SYTH
FORT GAH:LS FORT OCLETHf'RPE FORT VALLf-Y
FRMJY.L IN GAINE SVILU:: GIBSON GLENt-JVILU
GOR[l(lfi GRAY GREENSPDRO
GREfNVILLl GRIFFIN
HAD['(JCK HAHIRA
HAt~PTO~
HAPf.VILLE
HMUE~
HAI-'TWF Ll
HAWKINSVILLE
HAZLU-H'RST
HIAWASSEE: HlNf SVILLf
HOGANS VI LU HOMER HOHFFVILLt
JR .. H'H'N

FAYETTE
BLN HILL
CHAPLH'N
ClAYTOr\
MDNR (lf
CLAY CATlOSA Pf ACJ-l
H(:APD HALL GLASCCCK TAllNHL
WILK H!SON JtNf S
GfiHN!:
MER 1\olf THfR SPALDING
JrNF s
LOWNDt-S
HENRY
FULTON
Cl'LUMP lA HAI<l
PULASKI
J!'FF DAVIS
T DI'N ~ L Jbf RlY
T PIJUF'
l' AI<KS
CLINCH Wllf(!f'.;SUN

FARMERS AND MERCHANTS BANK FIRST CITIZENS BANK THE BANK OF FITZGERALD THE FIRST STATE BANK OF FITZf-fRALO
THE CITIZENS BANK EANK Of FOREST PARK THE CiTIZENS AND SOUTHERN PANK
OF CLAYTON COUNTY fiRST CITIZENS BANK rONROf COUNTY RANK THF FARMERS PANK FORT GAINES BANKING COMPANY FORT OGLfTHOPPE STATE BANK
fANK Of FORT VALLtY THE CITIZENS HANK THE f.ANK OF HEARU COUNTY THF CITIZENS BANK f1AI\K OF GIBSflN FIRST CITIZENS BANK THf GL~NNVIlll BANK AND TRUST COMPANY THE GOkOON BAf\!K PANK OF GRAY
PANK Of GRftNSPORO
CiliZlNS UNION BANK THE GREENVILLE BANKING COMPA~Y (0MMEPCIAL PANK & TRUST CO~PANY THE BANK OF GRIFfiN JO~ES COUNTY PINK CITIZFNS BANK OF HAHIRA [QMMERCIAL BANKING COMPANY l'ANK OF HAMPTON CAPITAL CITY BANK PANK Of COLUMBIA CUUNlY fANK OF HAkThELL Tt-lf CITIZENS AND SOUWERN PMK
OF HART COUNTY PLANTERS BANK THE PULASKI PANKING COMPANY
EANK OF HAZLEHU~ST JfFF DAVIS 8ANI" PA~K UF HIAWASSEE THE COASTAl f.ANK T~E HlNESVIll~ BANK THF CITIZENS BANK BANK OF PANYS COUNTY f~PJRE BANKINf CO~PANY 1-JILIUNSUN Cl'li~'TY BII.NK

2-16-1906

3-13-1906

1

6-28-1973

7-0J-1974

]

11-10-1975

4-15-197(-;

1

5-24-1948

7-19-104ft

1

12-12-1911

1-04-112

2

5-09-1956 10-15-19<:f

4

6-26-19t-4 11-21-19(4

4

2-17-1920

3-01-1920

D

11-02-190' 10-15-1901:'

0

3-09-1910

I910

0

2-11-1937

2-1!5-19?7

0

12-04 -] %3

P-07-19t4

c

10-11-19?4 10-15-174

1

12-14-19(1 (;

1-0]-107

z

10-14-1905 10-1A-1<l0!5

0

5-19-1913

t- 1913

z

11-07-1905 11-27-19('5

0

12-31-1942

1-04-1943

1

1-12-1905

1-1P-Iqf>5

1

6-08-I946

fl-OJ-1946

0

8-23-1909

P-2f-19f'<l

0

l0-13-1926 10-I4-1926

0

3-09-1946

4-{'J-194f.

1

10-24 -I8R7

11'91

0

10-ll-1Pf\9 10-09-11090

3

6-oe-I9c7

P-Jf-19t.f

1

7-14-1905

7-2~.-19(''0

0

2-12-19?7

?-21-10/'7

:>

1-29-1945

4-05-1 04C::

0

12-31-19( 5

2-{'}-]CJ(f,

0

7-20-1945

9-04-1945

1

11-29-1909 12-]3-1909

0

5-15-1%1 11-oo -I 9f.l

1

11-28-1942

]-02-143

0

2-27-1896

3- 1f96

]

7-20-1949

p-;:>7-1Q49

0

10-19-1906 1(1- 19('6

0

7-1?-1962 12-01-19(2

0

6-14-1909

7-21 -19C9

1

7-09-1970

7-09-1970

0

9-04-1911 11-15-1 Q}J

1

11-?0-1961 J2-11-I9fl

0

6-25-1974 12-?P-1 <; 74

('l

3-0I-194 5

6-01-194<;

~

7-16-I 90 7

7-}f,-1 0(\7

0

28,632 11 ,2 38 21,362 25,202 29,906 54,!"11
53' 720
9,546 18,7'+9 15,412
8,3B3 19,071 26,351 23,492
9,117 42,888
2,283 15,737 22,I03
9,437 10,721 29,651 25,555 10,059 106,337 22,096
2,051
9 1 8A7 7,532 f' '875 ?3,654
9,962 15,903 43,'591
21,249 1B 1 016 14,258 15,616 23,915 23,420 27,067 10,418
8,856 12,389
9,995

* Mlt-tPE:R IF:OH<AL fo'!~HV! SYSH~1 ** trOUNTS ARF IN THDUSANfS

DEPARTMENT OF flANKING AND FINANCE

CITY
JACKSON
JASPER JEFFEF'SONVllLF JONE SPOPO KINGSlAND LAFAYETTE LAGRM,'GE

CUUNTY
BUTTS
PICKENS TWIGGS CLAYTON CAMDEN WAlKH: TRCUP

LAKELAt-..'0 LAVONIA LAWRENCEVILlE
LEARY LEESBURG LENOX LESLIE ~ LEX lf\!GTON C> liNCOlNTON LITHONIA LOCUST GROVE lOGANVILlE LUDOWICI LUMBFR CITY LUMPKIN LYONS MABLETCN MACON
MAOISCN HANCHSTER
MANSF I fLO MARIHTA
MARSHALLV ILU: MARTINEZ MCDONOUGH

LAN IfF' ff;ANKl IN GWINNETT
CALHOUN LEE COOK SUMTER OGlfTHORPE LINCOLN OEKALB HENRY loiAlTON LONG TFLFAIP STEWART TOOMf'S COHI BII'fl
MOP.GA~:
MERIWETHER
NEWTON C(l8f\
MACl* COlUMEllA HNRY

***

MEMPER fEDEI<AL AMOUNTS ARE IN

RESERVE SYSTEM THOUSANDS

NAME OF BANK

CHARTER PATf

BFGAN
BUSJNE~~

~!('. OF OFFICES

MCINTOSH STATE BANK

2-Jlt-1964

9-I8-19f.4

0

THE CITIZENS AND SOUTHERN RA~K

~-Jit-1969

5-01-1969

0

Of- JACKSON

JASPER PANK lNG COMPANY

1-17-1945

3-I?-1945

0

PICKENS COUNTY BANK

fl-25-1976

6-IR-1977

0

PEOPLES STATE BANK

12-10-1969 12-10-1%9

0

TRUST COMPANY BANK OF CLAYTON COUNTY

10-06-1903 11-17-1903

5

CITIZENS STATE BANK

10-27-1971 10-77-1971

0

STATE SANK OF KINGSLAND

ll-26-J9I2 12- 1912

0

THE BANK OF lAFAYETTE, GEDPGIA

11-13-1889

1fl99

1

WAlKER COUNTY PANK

11-16-1971 11-16-1972

1

Ct'P.:MERCIAl !lANK f. TRUST COMPANY OF TRI.'UP

7-08-1941

9-15-1941

1

COUNTY

PFOPLES BA!'-41< OF LAGRANGE

9-22-1965

4-11-J 9f6

2

THE CITIZENS AND SOUTHERN ~ANK

7-23-1937

8-0?-1937

2

OF WEST GEORGIA

FARMERS AND MERCHANTS BANK

4 -08-I9f'7

19(17

0

NORTHEAST GEORGIA B~NK

9-;>0-1940

9-23-1940

2

*THE BRAND BANKING COMPANY

6-02-1905

7-17-19('~

?

TRUST COMPANY BANK OF GWINNETT COUNTY

I-Il-1971

9-H-1971

2

JORDAN BANKING COMPANY

12-30-1965

1-03-1966

0

THE STATE BANK OF LEESBURG, GEORGIA

lt-09-19~7

12-01-1947

0

BANK OF LENOX

6-20-1907

6-?5-}9('7

0

FARMERS f. MERCHANTS BANK

12-19-19~0

1-0Z-1941

0

CITIZENS BANKING COMPANY

2-07-1949

3-10-1949

0

FARMERS STATE BANK

9-26-1911 12-02-1911

0

THE PEOPLES BANK

8-26-1910

1910

1

THE FARMERS BANK

1-03-1Q10

I- 1910

]

BANK 0~ lOGANVILLE

5-06-1946 10-05-1946

0

LONG STATE BANK

I0-23-1978

1-o2-1968

0

BANK Of LUMBER CITY

5-22-19~5

7-02-1945

0

FARMERS STAll BANK

10-21-1911 12- ] 9ll

0

THE PEOPLES BANK I.'F LYONS, GEOPCIA

5-04-1935

6-C1-1935

1

GEORGIA STATE BANK

6-21-1963

3-0?-19f.4

4

CENTRAL BANK OF GEORGIA

6-19-1972

6-19-I 9 72

4

GEORGIA BANK TRUST COMPANY

6-09-1960

7-01-1960

E;

~ACON BANK & TRUST COMPANY

11-29-1973

6-24-1974

1

BANK OF MADISON

12-26-11'188

1-01-1 P9C'

0

BANK OF MANCHESTEP

1-28-1910

2-02-I<JlO

0

F & M BANK AND TRUST COMPANY

10-07-194 7

2-21-1941?

1

BANK OF MANSFIELD

12-19-1945

3-0l-1946

0

COMMERCIAL BANK OF COBB COUNTY

9-02-1955

9-17-1 91'06

6

FIRST BANK & TRUST CO.

12-18-1906

1-0I-1907

9

FIRST STATE BANK

9-19-1910

9-27-1910

0

GEORGIA STAll BANK

7-05-1909

8-0l-1909

1

THE CITIZENS AND SOUTHEPN BANK

6-23-1971

3-08-197?

0

OF HENRY COUNTY

TOTAL ASSETSIO
14,950 24,522
25,088 8,412 5 .~ 21
36,445 4,037 8,411
36,751
13,~05
29,652
29,210 70,29!>
15,465 23,417 42,552 24,404
5t768 8,322 7,626 6,709 8 t879 15,844 ?1 ,426 7,490 6,850 2,905 3,942 6,706 19,318 56,827 31,981 106,986 23,050 17,019 23,387 8,308 4,942 50t909 131,502
~.917
23,024 12,703

CITY
MCRH
MEIGS METTE F
MIUVI LL[ MILAN MlLlf [If,- VILLE

COUNTY
HLFAIP
THOMAS CANOL[ R
flUPKE
TELfAIR B ALDIJ IN

MILLE!>
MOLfN/l
MONROE
MONTEZUMA
MONTI CELU:1
MORRLW MORVEN MOUL TF IE

JH'K INS
Pin
I!IAl TON MAC. UN
JASPER Cli>YTON
BROOKS
CnLQUJTT

MOllt->T VERNCN NASHVILU
NEWINCTtW NEWNAN
NEWTl'~'
NIU-l(JllS NORCH'SS

t10NTG!JMlRY en:RHN
SCREVEN CPWE TA
BAKER COfFFE G lo'It-,NFTT

DC I Lt. A
OMEGA PAU"FTTO PATHF'SON PAVJ PEACHH:~ E CITY PEARSON PELH/lt'
PHH'H11<E PEFRY

I RIHN
TIFT FULTON P IERCf H!OMAS FAYETTE: ATKINSON ~11 TCHELL
BRYAN HOliSTllN

**:; r-H'fER FE::DE RAL RESERV!c SYSHM A~UUNTS ARE IN THOUSANQS

DEPART,..ENT OF- B.-NiliNG .-No f-lN.ANCf:
LIST DF STATE BANrS
NAME: UF- BANK

CHARTER DATE

BEGAN BUSINESS

NO. OF OFFICES

THE ,.ERCHANTS & CITIZENS BANK

3-28-1929

3-2P-I9?9

0

THE SECURITY SlATE BANK

8-23-1972

8-23-1972

0

PANK OF MEIGS

5-08-1903

6- 1903

0

~ETTER BANKI~G C(JMPANY

7-25-19~0

8-26 -I935

:>

PINE::LANC STATE BANK

12-27-1961 10-15-1962

0

PANK OF HJDVILLE

tt-13-1'?45

5-21 -1945

0

EANK Uf MILAN

12-05-1906 10- I 90(;

0

XCHANGE BANK

5-20-1903

6-0J -1903

2

THE CIll ZlNS AND SOUTHERN BAt

2-2fl-1BH 10-13-1 f'f'4

I

OF MILLEDGEVILLE

THF ME::RCHANlS AND F~R~EP~ PA~K

3-22-1898

3- IP9P

I

OF MILLEDGEVILLE

PANK OF MILLEN

1-0lt-lf103

3-01-1f'93

0

OGEECHEE VALLEY flANK

9-01-1972

1-07-1974

:>

BANK OF- MOLENA

10-07-1901

3- 1899

0

FIRST AMERICAN 9ANK OF WALTON

1-01-19('6

1-01-I906

2

FIRST UNITED BANK

I0-23-1948

1-10-I949

1

THE BANK Of MACON COUNTY

12-20-1972

1-02-1973

I

PANK Of MONTICfLLO

2-0B -19f> 4

2-IO-I964

0

THE FIRST BANK OF CLAYTON COUNTY

11-17-1969

5-04-1970

4

lHF CITIZENS fANK OF ~ORVEN, GEPRGIA

1-18-1973

1-18-1973

0

AMfRICAN BANJONG COMPANY

8-13-I971 10-01-197I

1

THE CITIZENS AND SOUTHERN BANK

7-oe-1896

I896

0

OF COLQUITT COUNTY

~OUNT VERNON BANK

12-21-1900

1-24-I901

0

THE CITIZENS BANK

2-19-1943

3- 1943

1

THE UN !TEO BANK lNG CUMP ANY

7-10-1924

7-15-I9?4

1

eANK OF NEWINGTON

7-07-I919

8-14-1919

0

f ANI< OF CO WET A

2-11-197;> I0-06-1972

2

THE CITIZENS AND SOUTHERN NEWNAN !"ANI<

2-25-I955

2-25-1955

2

BAKER COUNTY BANK

10-0lt-1906 10-15-190b

0

NICHOLLS STATE BANK

I2-02-1952

1-02-153

0

GWINNETT BANK & TRUST COMPANY

9-11-1967

3-01-19(8

2

THE CITIZENS AND SOUTHEPN BANK PF GN!NNf 12-12-1903 2-01-1904

4

ll

THE BANK OF OCILLA, GEOPGIA

9-?0-1956 10-01-1956

0

THE FIRST SlATE BANK OF OCILLA

5-ll-1943

6-01-1943

1

~OUTH GEORGIA BANKING COMPANY

4-15-1970

4-15-1970

1

FIRST fULTON !'ANI< AND TRUST

6-29-1913

7-10-1918

2

THE PATTERSC~ BANK

6-19-1907

6-I9-1907

0

PAVO SlATE f'.ANK

6-24-I971

6-24-1971

0

THE FAYLTTE STATE BANK

1-31-1964

2-01-19M

3

THE CITIZENS EXCHANGE BANK

1-19-1943

5-12-191!5

0

FARMERS BANK OF PELHAM

B-25-1902

9-(\1-1902

1

PELHAM BANKING COMPANY

12-04-1936 12-08-1936

0

THE PEMeROKf STATE ~ANK

12-29-I937

Z-ll-193B

1

THE BANK Uf PERRY

8-20-1889

1Ff'9

2

TOTAL ASSETS**
13,421 13 ,9lt6
4,339 24 '733
8,524 6,624 6,506 40,590 47,373
I9,932 8,427 4,840
34 '707 21,831 33,I20 11,316 24,424
3,730 28,486 40,H4
13,207 21 t 772 IO '731
2,612
24,369
47,724 5,5 91 6,260
49,154 45,614
16.603
14,520
13,3 53
11,~91
5,597 ft ,119 32' 354 b, 718 25,855 I9,558 19,105 27,321

OEPARTME~T OF BANKING ANO FINANCE

LIST OF STATE BANKS

-----------------------------------------------------------------------------------------------------------------------------------

CHARTER

PFG'-.N

J.:O. OF

TOTAL

CITY

Cl'UNTY

NAME OF BANK

DATE

FlUSH.JE S<:

OFFICES

f.SSHS*

-----------------------------------------------------------------------------------------------------------------------------------

PINE' MOUt-!TAIN PINEHLII<ST PINflll W PITTS
PRESTO~:
QUI H1tN REIDSVILLE: REYNUrs RtHM. RICI-ILM:D RINGG['Ul RIVI'RCALl
ROBIFTA IWU!HLE ROCI<t-'ART ROME
ROSSVILLE: ROSWELL ROYSTOt-.: RUTLFOGf SAINT ~'ARYS
SANOERSVILLF
N
SAROI S SAVAt-1NAH
SEn' If. SMYf!tJt SNEL LV JLLE SOCIAL CIPCLE SOPfRTON SPARTA
SPRINGFIELD
ST SH~GNS 1 SLAND SUPlfTON ST .A Tl S f'.DRL!
STOCI<n'I DGl

HARt<' IS O[l(ll Y PULASKI WILCOX WEBSH R BROPKS TATTNALL TI.YLOP. DfOGf SH~'AF T CAT[IQSA CLAYTCN
CfAWFORL' WILCO: P ClK FICYD
WALI<EF F UllCN Ff-:ANKLir< MOPCAN
CAt1[:fl~
WASHINGTON
BliFKE CPATHAM
C filoil TA
cHr
GWlt-MTT WtlTCN HEUTlfN HANCCCK
HH;GHAM
GlYNN JfffEPSON B lJLLDCH
HEtWY

fAFMERS AND t-'FPCHANTS BANK

fANK OF PINEHURST

PINEVIEW STAH BANK

PillS BANK INL COMPANY
f'AI"K (If WERSH~;

THE E'ANK OF QUITMHJ

THf TATTNAll EANI<

THE CITIZENS STATE BANK

F Illl A~lS BANKING fDMPANY

i.J.CHLAND BANI< lNG COMPANY

~~ORTHWE.ST Gfl1RGI A F ANI<

PANK Of- THf SOUTH

CLAYTON COUI'HY BANK

THI:: CRAWFQR[' COUNTY BANI<
P!lCHf Lll SHH BANK

THl: ROCKMART EANK

T Hf- GEORGIA STHE BANI( PF P[Wf

l HE ROM!: BAt;K AND TRUST COMPANY

POSSVIllE f:\ANK

F'QSWfLL E'>ANI',
TP I-COUNTY t'ANK Of- RUYSTUN

f-ANK Of- RUlli:OGf

HOPLES PANK

SAIIH MARYS Sli'H f:IANK

ClTIZf!'iS !'ANI" f'F WASHJNGTOI\ COUNTY

o. THE GEO.

WAFTH!'N BANI"

Ar\K DF SARDIS

*SAVANNAH bANK AND TRUST C[I~WANY

OF SAVANNAH

A TLANTJC BH:K ANU Tl~lJS T COt'P f,NY

FIRST HANK l'f SAVAm!AH

~OUTHEkN BAtll< l F:lJST C:ni"PANY

11-'E CARVER STATE PANK

F AFYFRS AND riE RCHA~:l ~ BANK [)f ~~NO IA

[(1!3P flANK & TRUST CDMPM!Y

GWH:N!: Tl COUtHY PANK

GElWCIA CENH.Al BAN If

THl: PANK Of SOPERTlN

f',ANK DF HANUCtt COUNTY

l'NITfD SEC UP ITY BANI<

THE- CITIZEt;S HJD St'tiTP.E f"N PMK

OF EFf-INGHAM COUPITY
THE COASTAL f' ANK OF GEOPGIA

PANfl OF ST APLI: TON

FIFST !WlLUCH f'M:K f TRUST CU~PAI'\Y

S A ISLAND PAHt'

THE FIRST SlHE f\ANfl

3-22-1909 1-01-1903 9-20-1'?10 6-02-I906 6-29-1970 I2-26-I8f'B 9-14-19(10 9-0B-1972 E'-O'I-1947 10-13-1927 E'-26-19('4 10-03-1945 9-1A-19f,8 1-07-1901 7-08-1947 10-30-1900 4-02-1976 4-05-1945 7-01-1963 3-01-1901 8-09-1941 9-24-1898 5-07-1973 4-12-1955
1-06-I9f~ 3-]1'-19~-7
'1-27-] 945 3-04-1869
11-06-1933 7-29-1909
10-J0-1974 4-79-I 94 7 3-()2-1R74
11-14-1973 '1-23-1970
l?-31-1Q?3 7-16-1906
10-18-19<'4 5-I0-197!:
12-30-1907
4-24-1950 3-2f!-19lf 1-19-1934 3-11-JO(l] 9-21-19f>4

4-19-19C9 1904
9-20-1910 6- 1906 f-79-1970 12-}1-IP.E'f
10-27-1 oco
9-0f'-1922 10-01-1947 10-l"'0-1977
e- 19C4
1-07-1946 f,-('9-1'?(') I-OP-1001 8-0J-1047
1 <lCO 1-05-1978 10-01-194" I?-J3-lllf3 3- 19('1 <l-OI-1941 10-0I-1P9P 5-07-1973 P-04-19!'5 5-03-l9f5
}-1P-1~7
7-02-1 '14 ~, 7-0I-IFt:-'?
11-06-1933 P-24-10fi9
5-7f'-197~)
f)-04-1947 Jppo
3-1?-1 74
3-04-1 nn
3-0P-1974 JOC3
9-00:-1 <JC4 6-0I-19t7 1-(l}-19('f
f -(' 1 -19 < 0 19H,
4-14-1<:'34 ] 90]
10-(lf-1 9(4

2

$

19,351

0

4,073

0

4,360

0

4,064

0

3,967

I

15,705

I

IE', 735

0

12,540

0

6,498

0

5,020

2

33,662

3

B,B89

4

33,171

0

12,159

a

3,796

I

2? ,4 70

J

14,561

3

55,900

]

47,412

4

50,338

I

ze, ,1:.22

0

7,566

I

7,162

1

11,&73

I

15,586

I

3C,064

()

5,436

11

302,0B3

::>

?7,462

4

60,304

J

r,:>34

1

I7 ,I32

0

7,622

1

Z],?93

?

34 ,l 75

1

16,9!'!7

0

lf',I71

0

Ie,n7

0

3,063

1

37,008

3

?.6,91'.9

:>

8 ,?12

3

54, O"iO

2

7(', 4 94

1

Z1 ,663

**0 MlMPEP FLOfRAL ~lSFPVf SYSTFM AMOuNTS ARl IN l~OUSANDS

O~PART~~NT OF ~ANKING ANO FINANCE

CITY

NAME OF- FANI",

CHARHR [lATE

HON
BUSINfS~

NO. OF OFFICES

SUtWf: FVILLf SWA lt-!SfOf.:t:
SYLVt~IA
snvr STFf'
TALH'TllJtJ TALLAF'CO SA
lAYLUPWILLtTH'f'Lf
TENNIL U TH0t'AST1N
THLWASVI LU
THlW~.[ t TIFHT
w TULCL' I
TRtt:llT
nnr; c nv
UNAlIL LA UN 1 [1f Pfll t T UVALi.'A
VAUif'~.TA
VlU/IL It
VH r.r<t
Vlllt HC/; WAflU Y
HA~.~ ~.f'~?.lhC',
WAIH FF RCt' l"-' ~.
wAPF'f t'TL't'
W A S H H ' C l l1 t

CHATT('CGA

fARHERS AND ,..[RCHANT~ BANK

2-05-19?6

2-06-1026

3

1::. P'H!UE l

SPIVEY STATE EANK

B-27-1964

3-01-1965

0

THE CENTRAL E'At>'K

10-27-19?:> 11-09-1970

1

THl CITIZENS BANK OF SWHNS!1f!Ptl

11-10-1910

1900

1

SCPl V[ N

EANK OF SCREVEN COUNTY

4-10-1911

5-0J-1911

0

FARMERS AND MI::.NCHANTS BANK

Z-1!'1-1946

3-0J-1946

1

WPP TH

PANK OF WORTH COUNTY

4-28-1945 11-01-1945

?

SYLVESTER PA~KJNG CO~PANY

7-05-1898

1- lfHlf:'

0

TAlf<CT

THE PEOPLES l'ANK UF- lJ!,LPC'TTUt

12-09-189;)

1-13-1591

0

Ht.RALSON

COMM[RCUL PANK

12-09-1971 12-09-1971

1

WEST GlORGIA F~NK OF TALL.POPSA, GEORGIA

12-06-194~

6-06-194C)

0

IH!< T L'W

PfflPlE S f',ANK Of BARTUW COUI"l Y

6-06-1915

6-13-19C5

1

CAPP['LL

BANK OF- CARRULL COUNTY

11-25-1946

7-0l-191\7

3

WASH I NG Tfl N

TENNILLE BANKING CO~PANY

4-04-191'0

4- 19('0

1

UPSflN

E' ANK Uf UPSflt

6-?3-19~1

10-01-19~ 1

1

TH~ CITIZI::.NS AND SUUTHE~N PANK OF

1-18-1926

Z-ZP-19?0

1

THO~ASTON G~UPGIA

WEST CENTRAL GEORCIA ~ANK

12-13-1973

4-15-1 q 74

T Hl\,_. AS

Cllt"l"fcPCI AL E\M'K

7-03-1916

7-27-1916

0

THF- CITIZENS AND SOUlHf~N RA~K

2-03-1937

2-15-1?7

1

OF THUt~.o\S ClltJNTY

f~CDllFF IE

f<ANK OF THlWSDt<

1Z-30-1PO

lP"l

2

TIf-T

THF C E S BA~K OF TIF-TO~

10-10-1P"1

IP 0 f

~

S TF rw NS

THL CITIZENS PftNK OF- TIFTO~ THE FARMERS [\M,'K l1F llFTON
THE EANK OF lUCCOA

2-24-194!'!

4-15-194P

1

1?-?1-1931:

2-24-19?7

1

8-10-1911

9-01-1 Q J1

2

THE ClTlllNS PANK

5-?5-19"0

?-H-19"1

2

GH'!.

PAN!< UF- OADL

7-05-}0<',5

1-1?-1956

()

U'M'l'Ll

rUPDft<; BANKlt'G CUr-'PANY, INCDPPLWAH1

6-26-1935

7-05-10""

D

DL Cl Y

SlATf bANK ANr TRUST CO.

4-19-135

4-27-1935

1

G~'[ F N!:

l Hl FAk~'tR S l'H!K

9-Qf,-101]

9-0f-111

1

Mlf'liH;[~E PY

ALTAI'" AHA fJ,ANI': t,ND l Pli5T ClWPINY

5-02-19f6

5-H -19ft,

1

L ('\;f"DF S

F IPSl STATE fANK ANf' lRliST COMPANY

1-27-1006

3- 19C6

2

Of Vtll!OST A

lH~ PARK AVENUE B~NK

6-?B-1971

f-?P-171

')

'RICE tANKit>C Cl't~PANY, It-JC.

9-07-19f5

10-14-14(~

0

C'J'PPY bA~'K H'P TRUST CO.

6-??-1934

7-01-1'?34

0

[ M;y, ttc DOCL Y

11-I0-1975

7-30-1'77f

0

CAf'Ff!t.L

( ITI lENS BANK fAf\!K OF VILL~ PICA

6-24-1931

7-01-103}

0

5-04-}f'O'?

!'- If.Qq

1

JfnEPSLN

f ANI< ('1- wA[llL Y

1-2CJ-10fl2

1- 19C?

0

Mf P 11-'f TI-'L P

1-IP~T At-'f'<'IUf' "At-:1'

10-11-19(1~

f-fl?-1 oct

1

H('llSTflT

CITIZENS STtTt ~ANI<

12-13-1950

I-0?-19~1

?

TH[ C JTI ZENS tM; SDUTI-lERt PMK

'I-Z5-195f

1-04-1<i57

1

W/.Ff'F.N
"'11 n s

OF HOUSTON COUNTY
( ITIZtNS P arr
FAH~fRS ANn rt ~CHANTS PtNK

4-14-) 90 z

4- 10({'

0

P-10-1949

)-}4-1~(\

1

* ~ft(r'tf< r~Dlf''Al f.'fS!cVf SYSTff~ ** n:rt"JTS .~"I H' Htif'~:n.:rs

TOTAL
ASSETS**
37,560 16.8 85 IE'' 305 36,!'58 27,796 22,} 21 23,H7 27,927
8,436 7,643 11 ,Z04 10,993 1?,494 ?2,593 30,662 44.024
Ih122 6 ~, 27~ 52,!'96
4 9. 7 98 5C .317 29,261 37,158
3~.21'8
37,480 16,934 14,012 20,059 29,657 11 ,9~'9 53,798
17,664 18,1116 22,?46
9,'3-97 14 '0 28 18,388
9,999 9,671 45,663 37,229
13 '048 29,631

CITY
WASHINGTON WATKINSVILU HAYCPCSS
WAYNESPORO WILLAC(lOCHEE WINDER
WOO('fl INE WODDf'URY WOODLAND WOODSTOCK WRENS WRIGHTSVILLE
ZEBULON

COUNTY
WILKES OCONH WARE
BUPK E ATKINSON B ARRll-l
CAMDEN MEI<IWETHER TALBOT CHI:ROKEE JEFFERSON JOHNSON
PIKE

DEPARTMENT OF BANKING ANO FINANCE
LIST OF STATE BANKS
NAI"E UF BANK
WASHINGTON LOMJ AND BANK JNG COI'IPANY OCONEE STATE l'ANK COMMERCIAL BANK SOUTHERN BANK *BANK OF WAYI'JESB(lRD THE PEOPLES P-tNK E:1ANK OF BARROW THE PEOPLES PANK THE CAMDEN COUNTY STATE BANK HIE: WOODBURY P.ANKING CO,..PANY THE WOODLAND BANK PANK OF WOODSTOCK FIRST STATE BANK FANK OF HRIGHTSV!llf THf EXCHANGE BANK (lf WRIGHTSVIllETHE BANI< OF Zf[)ULON

CHARTER
DA Tf

BFGAN E'U5JNESS

NO. OF ['FFJCES

TOTAL ASSETS*

9-07-lP'lJ 6-05-1959 10-15-1918 5-22-1956 1?-16-11:'90 1-0tt-1952 3-12-1951 J0-29-1926 6-24-1947 9-29-1902 11 -1 8 -1 9(' 7 11-13-1905 2-25-1964 2-16-187 12-20-19(19 3-18-1905

5-01-189!' 2-0J-19t-0 10-30-19lf 6-11-19'56
18 ()1
1-15-1952 3-17-1951 10-30-1926 1-02-19'iE' 9-29-19r2 n-?5-1907 ll-13-1905 7-C6-1964 2-16-1897 12-20-1909 l-31-19l'5

1

$

29,050

0

21,631

1

ze ,972

2

52,?H

1

29,083

0

4,067

2

lt1,304

1

27,483

0

5 77

0

11,499

0

I,H5

0

11 t287

0

14,0H

:)

15,956

0

11,786

1

13,972

REGISTERED BANK HOLDING COMPANIES AND THEIR MEMBER BANKS DECEMBER 31, 1980
HOLDING COMPANIES & BANK ACQUISITIONS

APPROVED OR REGISTERED

SOUTH BANKING COMPANY, Alma
Alma Exchange Bank &Trust, Alma
Citizens State Bank, Kingsland
CCB CORP., Atlanta Clayton County Bank, Riverdale
COB CORP., Atlanta Citizens DeKalb Bank, Clarkston
CITIZENS AND SOUTHERN GEORGIA CORPORATION, Atlanta The Citizens and Southern Bank of Albany, Albany Citizens and Southern Bank of Dublin, Dublin The Citizens and Southern Bank of West Georgia, LaGrange The Citizens and Southern Newnan Bank, Newnan The Citizens and Southern Bank of Thomaston, Thomaston The Citizens and Southern National Bank of Savannah, Savannah
CITIZENS BANCSHARES CORPORATION, Atlanta Citizens Trust Bank, Atlanta
FBH CORP. , Atlanta FIRST CORNELIA CORPORATION, Cornelia First Bank of Habersham, Cornelia
FCB CORP., Atlanta First Commercial Bank, Buford
FMB CORP., Atlanta
Farmers & Merchants Bank, Summerville
FIRST ATLANTA CORPORATION, Atlanta The First National Bank of Atlanta, Atlanta The First National Bank of Dalton, Dalton Cobb County Bank, Powder Springs First Bank of Savannah, Savannah
THE FULTON NATIONAL CORP., Atlanta Bank of the South, N. A., Atlanta The Northeast Commercial Bank, Doraville Bank of the South, Gwinnett County, Duluth Bank of Forest Park, Forest Park Bank of the South, Riverdale
ROSWELL BANCSHARES, INC., Atlanta Roswell Bank, Roswell

ll-20-80* ll-20-80* ll-21-80*
ll-07-80 l l - 0 7 -80
ll-07- 80 ll-07-80
7-0l-76 7-01-76 7-01-76 7-0l-76 7-01-76 7-01-76 ll-03-80
7-0l-76 7-01-76
ll-0 7-80 7-01-76 7-01-76
ll-07-80 ll-07-80
ll-07-80 ll-07-80
7-01-76 7-01-76 3-l 0-77 9-19-80 12-01-76
7-01-76 7-0l-76 8-01-77 8-0l-77 ll-17-77 ll-17-77
ll-07-80 ll-07-80

* Incomplete as of December 31, 1980
15

REGISTERED BANK HOLDING COMPANIES AND THEIR MEMBER BANKS- DECEMBER 31, 1980

HOLDING COMPANIES & BANK ACQUISITIONS

APPROVED OR REGISTERED

TGB CORP., Atlanta The Gordon Bank, Gordon
TRUST COMPANY OF GEORGIA, Atlanta The First National Bank of Albany, Albany Trust Company Bank, Atlanta
The First National Bank &Trust Company of Augusta, Augusta
The Commercial Bank, Bowdon The First National Bank of Brunswick, Brunswick The National Bank and Trust Company of Columbus, Columbus Trust Company Bank of Rockdale, Conyers Trust Company Bank of Douglas County, Douglasville The First National Bank of Wayne County, Jesup Trust Company Bank of Clayton County, Jonesboro Trust Company Bank of Gwinnett County, Lawrenceville
The First National Bank &Trust Company in Macon, Macon
First National Bank of McDonough, McDonough The First National Bank of Rome, Rome Trust Company of Georgia Bank of Savannah, N.A., Savannah Trust Company Bank of Cobb County, N.A., Smyrna Commercial National Bank of Warner Robins, Warner Robins
FIRST RAILROAD & BANKING COMPANY OF GEORGIA, Augusta
First Georgia Bank, Atlanta
Georgia Railroad Bank &Trust Company, Atlanta
Bank of Dalton, Dalton Commercial Bank of Cobb County, Marietta
ANB BANKSHARES, INC., Brunswick American National Bank of Brunswick, Brunswick
AMERICAN TRADING COMPANY, Brunswick State Bank of Kingsland, Kingsland
DAVIS MEMORIAL FUND, Cairo Cairo Banking Company, Cairo
GRADY HOLDING COMPANY, Cairo First National Bank of Grady County, Cairo
P & C BANK SHARES, INC., Camilla Planters &Citizens Bank, Camilla
PEOPLES EQUITY SHARES, INC., Carrollton The Peoples Bank, Carrollton
PEACHTREE BANCSHARES, INC. , Chamb 1ee Peachtree Bank and Trust Company, Chamblee
* Incomplete as of December 31, 1980 16

11-07-80 11-07-80
7-01-76 4-06-77 7-01-76 4-27-78 3-18-80 4-06-77 4-27-78 12-19-79 10-25-79 3-13-78 12-17-76 2-26-79 4-2 7-78 8-28-80 4-27-78 4-27-78 9-23-76 9-30-80*
7-01-76 10-12-78
7-01-76 10-25-79 10-25-79
9-25-80* 9-25-80*
7-01-76 7-01-76
7-01-76 7-01-76
6-30-78 6-30-78
12-30-80* 12- 30-80*
12-05-80 12-05-80
8-08-80 8-08-80

REGISTERED BANK HOLDING COMPANIES AND THEIR MEMBER BANKS- DECEMBER 31, 1980

HOLDING COMPANIES & BANK ACQUISITIONS

APPROVED OR REGISTERED

UNION INVESTMENT COMPANY, INC., Colquitt Citizens Bank, Colquitt
CB&T BANCSHARES, INC., Columbus Security Bank and Trust Company of Albany, Albany Sumter County Bank, Americus Columbus Bank and Trust Company, Columbus Commercial Bank & Trust Company of Troup County, LaGrange Commercial Bank, Thomasville
FIRST SOUTH BANKCORP, Columbus The First National Bank of Columbus, Columbus
CUMMING BANCSHARES, INC., Cumming Bank of Cumming, Cumming
HARDWICK HOLDING COMPANY, Dalton Hardwick Bank & Trust Company, Dalton
FIDELITY SOUTHERN CORPORATION, Decatur Fidelity National Bank, Decatur
FARMERS BANCSHARES, INC., Douglas Farmers State Bank, Cadwell
DUBLIN BANCSHARES, INC., Dublin The Morris State Bank, Dublin
PERSONS BANKING COMPANY, INC., Forsyth The Farmers Bank, Forsyth The Peoples Bank, Lithonia
CATOOSA BANCSHARES, INC., Fort Oglethorpe Fort Oglethorpe State Bank, Fort Oglethorpe
FIRST CITIZENS BANKSHARES, INC., Glennville First Citizens Bank, Glennville
BLAKELY INVESTMENT COMPANY, Griffin COMMERCIAL BANKSHARES, INC., Griffin Commercial Bank & Trust Company, Griffin Bank of Hampton, Hampton Commercial Bank of Pike County, Zebulon
FIRST GWINNETT BANCSHARES, INC., Lawrenceville The First National Bank of Gwinnett County, Lawrenceville
* Incomplete as of December 31 , 1980

7-01-76 7-01-76
7-01-76 l-03-79 4-27-80 7-01-76 9-07-76 9-07-76
7-15-80 7-15-80
l 0-20-80 l 0-20-80
9-23-80* 9-23-80*
12-18-79 12-18-79
7-24-79 7-24-79
3-05-80 3-05-80
8-22-80 8-22-80 8-22-80
12-15-80 12-15-80
12-16-80* 12-16-80*
7-23-79 8-08-78 8-08-78 10-22-79 8-08-78
ll-17 -80* ll-17-80*

l7

REGISTERED BANK HOLDING COMPANIES AND THEIR MEMBER BANKS -DECEMBER 31, 1980

HOLDING COMPANIES & BANK ACQUISITIONS

APPROVED OR REGISTERED

SOUTH GEORGIA BANKSHARES CORP., Lyons The Peoples Bank of Lyons, Georgia, Lyons
GEORGIA BANCSHARES, INC., Macon Georgia Bank and Trust Company, Macon First National Bank of Houston County, Perry
SOUTHERN TRUST CORPORATION, Macon BANK CORPORATION OF GEORGIA, Fort Valley Bank of Fort Valley, Fort Valley First State Bank, Marshallville
FIRST CITY BANCORP, INC., Marietta The First National Bank of Cobb County, Marietta
FIRST COBB BANKSHARES, INC., Marietta
First Bank &Trust Co., Marietta
SOUTHWEST GEORGIA FINANCIAL CORPORATION, Moultrie Moultrie National Bank, Moultrie
J. L. PILCHER & SONS, INC., Meigs Bank of Meigs, Meigs
FSB BANCORP, INC., Peachtree City The Fayette State Bank, Peachtree City
COASTAL BANKSHARES, INC., St. Simons Island The Coastal Bank of Georgia, St. Simons Island
SBT CORPORATION, Savannah Savannah Bank and Trust Company of Savannah, Savannah Bank of Screven County, Sylvania First National Bank of Valdosta, Valdosta First National Bank and Trust Company, Vidalia Commercial Bank, Waycross
SOUTHERN BANK HOLDING COMPANY, Savannah Southern Bank and Trust Company, Savannah
GWINNETT HOLDING CORPORATION, Snellville Gwinnett County Bank, Snellville
SOPERTON NAVAL STORES, INC., Soperton The Bank of Soperton, Soperton
WEST GEORGIA FINANCIAL CORPORATION, Tallapoosa West Georgia Bank of Tallapoosa, Tallapoosa
*Incomplete as of December 31, 1980
18

12-17-80* 12-17-80*
9-28-78 9-28-78 12-19-79
7-01-76 5-13-80 7-01-76 5-13-80
12-02-80* 12-02-80*
5-07-80 5-07-80
11 -18-80* 11-18-80*
7-01-76 7-01-76
8-08-80 8-08-80
7-10-80 7-1 0-80
1-31-78 1-31-78 10-18-78 12-29-80* 5-23-80 1-10-80
6-09-77 6-09-77
12-16-80 12-16-80
7-01-76 7-01-76
10-12-78 10-12-78

REGISTERED BANK HOLDING COMPANIES AND THEIR MEMBER BANKS- DECEMBER 31, 1980

HOLDING COMPANIES & BANK ACQUISITIONS

APPROVED OR REGISTERED

CARROLL COUNTY FINANCIAL CORPORATION, Temple Bank of Carroll County, Temple
ALTAMAHA BANCSHARES, INC., Uvalda Altamaha Bank and Trust Company, Uvalda
FIRST STATE BANCSHARES, INC., Valdosta First State Bank and Trust Company of Valdosta, Valdosta
ATKINSON COUNTY BANKSHARES CORPORATION, Willacoochee The Peoples Bank, Willacoochee

10-22-79 10-22-79
11-03-80* 11-03-80*
9-22-80* 9-22-80*
9-18-80* 9-18-80*

* Incomplete as of December 31, 1980.

19

ATLANTA INTERNATIONAL BANK AGENCIES

==================================~DA~T=E =============~=TO=T=A-L------

NAME OF AGENCY

LICENSE NO. ISSUED RENEWED GEORGIA ASSETS

Barclays Bank International Limited (United Kingdom)

6-11-76 6-11-80 $ 141 ,008,ooo

The Bank of Nova Scotia (Canada)

2

5-27-77 5-27-80

300,216,000

Algemene Bank Nederland, N. V. (Netherlands)

3

6-24-77 6-24-80

170 ,058 ,ooo

Swiss Bank Corporation (Switzerland)

4

7-14-77 7-14-80

111,107 ,ooo

Canadian Imperial Bank of Commerce

5

(Canada)

4-05-78 4-05-80 499,545,000

Commerzbank Aktiengellschaft (Federal Republic of Germany)

6

10-31-78 10-31-80

46,281 ,000

Credit Sui sse (Switzerland)

7

11-27-78 11-27-80

*

The Toronto-Dominion Bank (Canada)

8

2-23-79 2-23-80 496,944,000

Lloyds Bank International Limited

9

4-13-79 4-13-80

15,261,000

(England)

Kredietbank, N. V. (Belgium)

10

3-20-80

N/A

*

Credit Lyonna is (France)

11

11-06-80

N/A

*

Union Bank of Bavaria

12

12-01-80

N/A

(West Germany)

*Operating as Representative Office ONLY on December 31, 1980

28,910,000

ATLANTA REPRESENTATIVE OFFICES OF INTERNATIONAL BANKS

NAME OF PARENT BANK

LOCATION

Banca Nazionale del Lavoro ................................................ Italy
Banco do Brasil S. A...................................................... Brazil The Bank of Tokyo, Ltd .................................................... Japan

REPRESENTATIVE OFFICES OF DOMESTIC BANKS

NAME AND ADDRESS

LOCATION OF REPRESENTATIVE

OF PARENT BANK

OFFICE

Columbus Bank and Trust Company,

dba The Georgia Company

Columbus, Georgia ....................................................... Savannah

The First National Bank of Chicago Chicago, Illinois ......................................................... Atlant~

20

DEPARTMENT OF BANKING AND FINANCE STATE OF GEORGIA
ABSTRACT OF REPORTS OF CONDITION OF STATE BANKS IN GEORGIA AS OF DECEMBER 31, 1980
WITH COMPARATIVE STATEMENT AS OF DECEMBER 31, 1979 (Amounts in thousands)

Dec. 31' 1980

372 Banks

%*

428 Branches

Dec. 31, 1979

376 Banks

%*

433 Branches

Increase+ Decrease-

ASSETS
Cash and Due from Banks U. S. Treasury Securities Obligations of Federal Agencies SCM Obligations
Other Bonds, Notes, & Debentures
Federal Reserve Stock and Corporate Stock
Trading Account Securities
Federal Funds Sold &Sec. Purchased
Under Agreement to Resell Loans, net Lease Financing Receivables Assets Representing Bank Premises,
Furniture and Fixtures Other Real Estate Owned Investment in Unconsolidated
Subsidiaries Customer Liabilities on Acceptances Other Assets TOTAL ASSETS

$ l ,343,641 835,318 655,908
1,342,553 9,475
5,050 38,642
1,036,699 5,903,014
33,839
292,167 24,440
722 51,005 183,932 $11,756,405

ll .4 7. l 5.6 ll. 4 0.1
0.0 0.3
8.8 50.2 0.3
2.5 0.2
0.0 0.5 1.6 100.0

LIABILITIES

Demand Deposits - IPC

$ 3'154 '162 26.8

Time &Savings Deposits - IPC

5,297,452 45.0

Deposits of U. S. Government

29,895 0.3

Deposits of SCM

979 'l 02 8.3

Deposits of Foreign Government et al

0 0.0

Deposits of Commercial Banks

314,313 2.7

Certified and Officer's Checks

81,033 0.7

Total Deposits

$ 9,855,957 83.8

Federal Funds Purchased &Sec. Sold

Under Agreement to Repurchase

544,904 4.6

Interest - Bearing Demand Notes

23,199 0.2

Other Liabilities for Borrowed Money

17,069 0.2

Mortgage Indebtedness

17 '131 0.2

Acceptances Outstanding

50,813 0.4

Other Liabilities

228,590 1.9

TOTAL LIABILITIES

$10,737,663 91.3

EQUITY CAPITAL AND SUBORDINATED DEBT

Subordinated Notes and Debentures $ 40,920

Preferred Stock

2,021

Common Stock

218,043

Surplus

388,552

Undivided Profits

304,897

Capital Reserves

64' 309

TOTAL EQUITY CAPITAL AND SUBORDINATED

DEBT

$ l ,018,742

TOTAL LIABILITIES AND CAPITAL

$11,756,405

0.4 0.0 1.9 3.3 2.6 0.5
8.7
100.0

* Percent of Total Assets

$ 1,271,203 861 ,266 437,863
1,113,600 5,643
7,099 6,975
1,110,506 5,986,633
27,597
273,700 32,622
50,394 51 ,420 137,485 $11 ,374,006
$ 3 '311 '166 4,794,807 33,360 1,036,652 0 234,760 74,128
$ 9,484,873
490,087 74,467 15' 689 16,492 51 ,277 235,535 $10,368,420
$ 41 '585 3' 167
212,721 370,841 314,543 62,729
$ l ,005,586
$11,374,006

11.2 7.6 3.8 9.8 0.0
0. l 0.1
9.8 52.6 0.2
2.4 0.3
0.4 0.5 1.2 l 00.0
29. l 42.2 0.3 9. l 0.0
2. l 0.6 83.4
4.3 0.7 0. l 0 .l 0.5 2.1 91.2
0.3 0.0 1.9 3.3 2.8 0.5
8.8
100.0

$ 72 ,438+ 25,948218,045+ 228,953+ 3,832+
2,04931 ,667+
73,80783,6196,242+
18,467+ 8' 182-
49,672415-
46,447+ $382,399+
$157 '004502,645+
3,46557,550-
0 79,553+ 6,905+ $371 ,084+
54,817+ 51,268l '380+
639+ 4646,945$369,243+
$ 665l '1465,322+
17' 711 + 9,646l '580+
$ 13, 156+
$382,399+

21

DEPARTMENT OF BANKING AND FINANCE STATE OF GEORGIA
AVERAGED COMPARATIVE REPORT OF CONDITION OF STATE BANKS IN GEORGIA FOR CALENDAR YEARS ENDED DECEMBER 31 , 1980 AND DECEMBER 31, 1979
(Amounts in Thousands)

YEAR NUMBER OF BANKS AVERAGED

1980 372 %*

1979 376 %*

ASSETS Cash and Due From Banks
U. S. Treasury Securities Obligations of Fed Agencies SCM Obligations Other Bonds, Notes and Debs
Fed Reserve Stock and Corporate Stock Trading Account Securities
Fed Funds Sold &Securities Pur.
Under Agreement to Resell Loans, Net Lease Financing Receivables Assets Representing Bank Premises,
Furniture and Fixtures Other Real Estate Owned Investment in Unconsolidated Sub. Customer Liabilities on Acceptances Other Assets TOTAL ASSETS

$ 3,612 11.4 2,245 7. l
l '763 5.6 3,609 ll .4
26 0. l
14 0.0 l 04 0.3

2,787 8.8 15,868 50.2
91 0.3

785 66 2 137 494 $31,603

2.5 0.2 0.0 0.5 1.6 l 00.0

$ 3,381 2,290 l 'l 65 2,962 15 19 19
2,953 15,922
73
728 87 134 137 365 $30,250

11.2 7.6 3.8 9.8 0.0 0. l 0. l
9.8 52.6 0.2
2.4 0.3 0.4 0.5 1.2 l 00.0

Increase+ Decrease-
$ 231+ 45598+ 647+ ll+ 585+
1665418+
57+ 211320 129+ $1 , 353+

LIABILITIES Demand Deposits - IPC
Time &Savings Deposits - IPC
Deposits of U. S. Government Deposits of SCM Deposits of Foreign Government et al Deposits of Commercial Banks Certified and Officers' Checks TOTAL DEPOSITS
Federal Funds Purchased &Sec Sold
Under Agreement to Repurchase Interest-bearing Demand Notes Other Liabilities for Borrowed Money Mortgage Indebtedness Acceptances Outstanding Other Liabilities TOTAL LIABILITIES
EQUITY CAPITAL AND SUBORDINATED DEBT Subordinated Notes and Debs Preferred Stock Common Stock Surplus Undivided Profits Capital Reserves TOTAL EQUITY AND SUB DEBT TOTAL LIABILITIES AND CAPITAL

$ 8,479 26.8 $ 8,806 29. l

14 '241 45.0 12,752 42.2

80 0.3

89 0.3

2,632 8.3 2,757 9. l

0 0.0

0 0.0

845 2.7

625 2. l

218 0.7

197 0.6

$26,495 83.8 $25,226 83.4

$ l ,465 4.6 $ l '303 4.3

62 0.2

198 0.7

46 0.2

42 0. l

46 0.2

44 0. l

136 0.4

136 0.5

614 1.9

627 2. l

$28,864 91.3 $27,576 91.2

$ 110 5
586 l ,045
820 173 2,739
$31,603

0.4 0.0 1.9 3.3 2.6 0.5 8.7 l 00.0

$ lll 8
566 986 836 167 2,674 $30,250

0.3 0.0 1.9 3.3 2.8 0.5 8.8
l 00.0

$ 327l ,489+
9125-
0 220+ 21+ $1 , 269+
$ 162+ 1364+ 2+ 0 13-
$1 , 288+
$ 1320+ 59+ 166+ 65+
$1,~

*Percent of Total Assets

22

ABSTRACT OF REPORTS OF CONDITION (AVERAGED BY SIZE) OF STATE BANKS IN GEORGIA AS OF DECEMBER 31, 1980
(Amounts in Thousands)

Number of Banks Averaged Size of Bank Averaged

28
Less than %* $5 Mi 11 ion

63

54

$5 Million

%* $1 0 Million to %*

To $10 Million

$15 Million

ASSETS

Cash and Due from Banks U.S. Treasury Sec. Obligations of Fed Agencies
SCM Obligations Other Bonds, Notes and Debs Federal Reserve Stock
and Corporate Stock Trading Account Sec.
Funds Sold and Sec. Purchased Under Agreement to Resell
Loans, Net Lease Financing Receivables
Assets Rep. Premises, Furn & Fix
Other Real Estate Owned Inv. in Unconsolidated Subs Customer Lia on Acceptances Other Assets TOTAL ASSETS

$ 463 325 456 115 ll
0 0
463 1 ,636
0 68 6 0 1 18 $3,562

13.0 9.1 12.8 3.2 0.3
0.0 0.0
13.0 46.0 0.0 1.9 0.2
0.0 0.0 0.5 100.0

$ 850 733 626 511 3
0 0
880 3,873
0 161 14
0 2 67 $7 '720

11.0 9.5 8.1 6.6 0.0
0.0 0.0
11.4 50.2 0.0 2.1 0.2 0.0 0.0 0.9 100.0

$ 1 ,064 1 '115 698 1 '144 41
1 0
1 ,268 6,671
0 296 32
0 0 123 $12,453

8.5 9.0 5.6 9.2 0.3
0.0 0.0
10.2 53.6 0.0 2.4 0.3 0.0 0.0 0.9 100.0

LIABILITIES Demand Deposits - IPC
Time &Savings Dep - IPC
Deposits of U. S. Govt. Deposits of SCM Deposits of Foreign Govt. et al. Deposits of Commercial Banks Certified/Officer Checks TOTAL DEPOSITS
Fed Funds Pur and Sec. Sold Under Agreement to Repurchase
Interest-Bearing Demand Notes Other Liability for Borrowed Money Mortgage Indebtedness Acceptances Outstanding Other Liabilities TOTAL LIABILITIES
EQUITY CAPITAL & SUBORDINATED DEBT
Subordinated Notes and Debs Preferred Stock Common Stock Surplus Undivided Profits Capital Reserves
TOTAL EQUITY CAPITAL & SUB DEBT
TOTAL LIABILITIES AND CAPITAL

$ 982 1,835
7 278
0 2 28 $3 '132
$ 25 4 0 2 1 29
$3' 193
$2 0 82
183 89 13 $ 369 $3,562

27.5 $1 '994

51.5

4,098

0.2

26

7.8

626

0.0

0

0.1

11

0.8

62

87.9 $6,817

0.7 $ 2

0. 1

3

0.0

0

0.1

4

0.0

2

0.8

90

89.6 $6,918

0.1 0
2.3 5.1 2.5
0.4 10.4
100.0

$7 0
176 351 248
20 $ 802
$7 '720

26.0 $ 3,155

53.0

6,703

0.3

39

8.1

996

0.0

0

0.1

26

0.8

98

88.3 $11 ,017

0.0 $ 0

0.0

12

0.0

0

0. 1

15

0.0

0

1.2

155

89.6 $11 '199

0.0 0.0
2.3 4.6 3.2 0.3 10.4
100.0

$ 11 1
301 494 385 62
$ 1'254 $12,453

25.4 53.8 0.3 8.0 0.0 0.2 0.8 88.5
0.0 0.0 0.0 0.2 0.0 1.3 90.0
0.0 0.0 2.4 4.0 3.1 0.5 10.0 100.0

*Percent of Total Assets

23

ABSTRACT OF REPORTS OF CONDITION (AVERAGED BY SIZE) OF STATE BANKS IN GEORGIA AS OF DECEMBER 31, 1980 (Amounts in Thousands)

Number of Banks Averaged Size of Bank Averaged

92

97

38

$15 Million

%* $25 Mi 11 ion

%* $50 Mi 11 ion %*

To $25 Million

To $50 Mi 11 ion

And Over

ASSETS Cash and Due from Banks U.S. Treasury Sec.
Obligations of Fed Agencies SCM Obligations Other Bonds, Notes and Debs
Federal Reserve Stock and Corporate Stock
Trading Account Sec.
Funds Sold and Sec. Purchased Under Agreement to Resell
Loans, Net
Lease Financing Receivables
Assets Rep Premises, Furn &Fix
Other Real Estate Owned
Inv. in Unconsolidated Subs
Customer Lia on Acceptances Other Assets
TOTAL ASSETS

$ 1 ,623 1 '723 1 ,404 2,061 19
1 '703 10,438
0 488 55
0 2 214 $19,732

8.2 8.8 7. 1 10.5 0.0
0.0 0.0
8.7 52.9 0.0 2.5 0.3 0.0 0.0 1.0 100.0

$ 3,149 2,769 2,474 4,407 25
3 0
2,583 17,255
16 740 74
6 5 547 $34,053

9.3 8.1 7.3 13.0 0.0
0.0 0.0
7.6 50.7 0.0 2.2 0.2 0.0 0.0 1.6 100.0

$ 20 '131 7,702 5,179
16,534 67
121 1 ,014
12,964 68,919
850 3,881
250 3
1 '321 2,627 $141,563

14.2 5.4 3.7 11.7 0.0
0.0 0.7
9.2 48.7 0.6
2.8 0.2 0.0 0.9 1.9 100.0

LIABILITIES
Demand Deposits - IPC
Time &Savings Dep - IPC
Deposits of U.S. Govt. Deposits of SCM Deposits of Foreign Govt. et al.
Deposits of Commercial Banks
Certified/Officer Checks TOTAL DEPOSITS

$ 4 '901 10,785
51 1 ,625
0 39
136 $17,537

Fed Funds Pur and Sec. Sold
Under Agreement to Repurchase Interest-Bearing Demand Notes Other Liability for Borrowed Money
Mortgage Indebtedness
Acceptances Outstanding Other Liabilities
TOTAL LIABILITIES

$ 12 22
3 22
2 264
$17,862

EQUITY CAPITAL & SUBORDINATED DEBT
Subordinated Notes and Debs
Preferred Stock
Common Stock
Surplus Undivided Profits
Capital Reserves
TOTAL EQUITY CAPITAL &SUB DEBT
TOTAL LIABILITIES AND CAPITAL

$ 40 0
412 755 587
76 $ 1,870 $T9, 732

24.8 $ 8,465

54.7 17,832

0.3

85

8.2

3,386

0.0

0

0.2

82

0.7

257

88.9 $30' 107

0.0 $ 127

0.1

62

0.0

22

0. 1

33

0.0

3

1.4

530

90.5 $30,884

0.2 0.0 2.1 3.8 3.0 0.4
9.5 100.0

$ 109 19 684
1 '136 1 '061
160
$ 3' 169 $34,053

24.9 $ 41 ,017 29.0

52.4 50' 106 35.4

0.2

344 0.3

9.9 10,529 7.4

0.0

0 0.0

0.2

7,911 5.6

0.8

886 0.6

88.4 $110,793 78.3

0.4 $ 13,965 9.9

0.2

374 0.3

0.1

386 0.3

0.1

281 0.2

0.0

1,321 0.9

1.5

3,633 2.5

90.7 $130,753 92.4

0.3 0.0 2.0 3.4 3.1
0.5 9.3 100.0

$ 670 5
2,215
4,080
2,870
970
$ 10,810 $141,563

0.5 0.0 1.5 2.9 2.0 0.7
7.6 100.0

*Percent of Total Assets

24

DEPARTMENT OF BANKING AND FINANCE STATE OF GEORGIA
COMPARATIVE STATEMENT OF EARNINGS AND EXPENSES OF STATE BANKS IN GEORGIA FOR CALENDAR YEARS ENDING DECEMBER 31, 1980
AND DECEMBER 31, 1979
(Amounts in thousands)

OPERATING INCOME
Int and Fees on Loans Int on Balance with Banks Int on Fed Funds Sold and
Sec Pur Under Agreement to Resell Int on U.S. Treasury Securities Int on Obligations of Fed Govt Int on Obligations of SCM Int on Other Bonds, Notes, Debs Dividends on Stock Income from Direct Lease Financing Income from Fiduciary Activities Service Charges on Deposit Accounts Other Service Charges, Comm, Fees Other Income
Total Operating Income
OPERATING EXPENSES
Salaries and Employee Benefits Int on Time Certificates of Deposit Int on Deposits in Foreign Offices Int on Other Deposits Exp of Fed Funds Pur and Sec Sold
Under Agreements to Repurchase Interest of Demand Notes Int on Other Borrowed Money Int on Sub Notes and Debs Occupancy Expense of Premises, Net Furniture and Equipment Expense Provision for Possible Loan Loss Other Expenses
Total Operating Expenses
Income Before Income Taxes and Securities Gains or Losses
Income Taxes
Income Before Sec Gains/Losses
Securities Gains/Losses, Net
Income Before Extra Expenses
Extraordinary Income/ Expenses
NET INCOME
Dividends Paid or Declared
NET INCOME AFTER TAXES AND DIVIDENDS
* - Percent of Total Operating Income

Dec. 31 , 1980
372 Banks 428 Branches

Dec. 31 , 1979 %* 376 Banks
433 Branches

$ 770,647 14,333
137,521 77,583 53,639 71,185
778 4,006 3,112 16,840 65,929 26,725 23,651
$1 ,265,949

60.9 l.l
10.9 6. l 4.2 5.6 0. l 0.3 0.3 l .3 5.2 2. l 1.9
100.0

$ 684,120 ll ,867
l 02,704 66,861 33,095 58,678
267 3,921 2,200 15,020 55,838 24,606 17,707
$1,076,884

$ 220,821 118,223 3,741 367,176
69,766 4,227
980 3,658 33,452 26,151 38,771 157,038
$1 ,044,004

17.4 $ 198,781

9.3

107,942

0.3

l ,564

29.0

272,715

5.5

48,285

0.3

5,022

0.1

l ,613

0.3

3,646

2.7

29,951

2. l

23,194

3. l

42,830

12.4

149,738

82.5 $ 885,281

$ 221 , 945 55,841
$ 166,104 (3,795)
$ 162,309 l, 269
$ 163,578 51,396
$ 112,182

17.5 $ 191,603

4.4

48,962

13. l $ 142,641

(0.3)

(2, 143)

12.8 $ 140,498

0.1

280

12.9 $ 140,778

4.0

36,084

8.9 $ l 04,694

%* Increase+ Decrease-

63.5 l.l
9.5 6.2 3. l 5.5 0.0 0.4 0.2 1.4 5.2 2.3 1.6
l 00.0

$ 86,527+ 2,466+
34,817+ l 0, 722+ 20,544+ 12,507+
511+ 85+ 912+ l, 820+ l 0,091+ 2, 119+ 5,944+
$189,065+

18.5 $ 22,040+

l 0. 0 10,281+

0. l

2, 177+

25.3 94,461+

4.5 21 ,481+

0.5

795-

0 .l

633-

0.3

12+

2.8

3,501+

2.2

2,957+

4.0

4,059-

13.9

7,300+

82.2 $158,723+

17.8 $ 30,342+

4.5

6,879+

13.3 $ 23,463+

(0.2) l ,652-

l 3. l $ 21 ,811+

0.0

989+

13. l $ 22,800+

3.4 15,312+

9.7 $ 7,488+

25

DEPARTMENT OF BANKING AND FINANCE STATE OF GEORGIA
AVERAGE COMPARATIVE STATEMENT OF EARNINGS AND EXPENSES OF STATE BANKS IN GEORGIA FOR CALENDAR YEARS ENDED DECEMBER 31, 1980 AND DECEMBER 31, 1979
(IN THOUSANDS)

Year Number of Banks Averaged

1980 372 Percentage*

1979 376

Percenta~

OPERATING INCOME Interest and Fees on Loans Interest on Balance with Banks
Interest of Fed. Funds Sold &Sec.
Pur. under Agreement to resell Interest on U. S. Treasury Sec. Interest Obligations of Fed. Govt. Interest on Obligations of SCM Interest on Other Bonds, Notes, Debs. Dividends on Stock Income from Direct Lease Financing Income from Fiduciary Activities Serv. Charges on Deposit Accounts Other Service Charges, Comm. Fees Other Income TOTAL OPERATING INCOME
OPERATING EXPENSES
Salaries &Employee Benefits
Int. on Time Certificates Int. on Deposits in Foreign Offices Interest on Other Deposits
Exp. of Fed. Funds Pur. &Sec. Sold
Under Agreements to Repurchase Interest of Demand Notes Interest on Other Borrowed Money Interest on Sub. Notes and Debs. Occupancy Expense of Premises, Net
Furniture &Equipment Expense
Provision for Possible Loan Loss Other Expenses TOTAL OPERATING EXPENSE
INCOME BEFORE INCOME TAXES, ETC.
Applicable Income Taxes INCOME BEFORE SEC. GAINS/LOSSES
Securities Gains/Losses, Net INCOME BEFORE EXTRA EXPENSES
Extraordinary Income/Expense NET INCOME
Dividends Paid or Declared
NET INCOME AFTER TAXES & DIVIDENDS
* Percentage of Total Operating Income

$ 2,071 39
370 209 144 l 91
2
ll
8 45 177 72 64 $ 3,403
$ 594 318 l0 987
187
ll
3 10 90 70 l 04 422 $ 2,806
597
150 $ 447
( l 0) $ 437
3 $ 440
138 $ 302
26

60.9 l.l
10.9 6. l 4.2 5.6 0. l 0.3 0.3 1.3 5.2 2. l 1.9 l 00.0
17.4 9.3 0.3 29.0
5.5 0.3 0. l 0.3 2.7 2. l 3. l 12.4 82.5
17.5
4.4 13. l
(0.3) 12.8
0. l 12.9
4.0 8.9

$ l ,819 32
273 178 88 156
l l0 6 40 149 65 47 $ 2,864
$ 529 287 4 725
129 13 4 l0 80 62 114 398 $ 2,355
509
130 $ 379
( 6) $ 373
l $ 374
96 $ 278

63.5 l.l
9.5 6.2 3. l 5.5 0.0 0.4 0.2 l .4 5.2 2.3 1.6 100.0
18.5 10.0 0. l 25.3
4.5 0.5 0. l 0.3 2.8 2.2 4.0 13.9 82.2
17.8
4.5 13.3
(0.2) 13. l
0.0 13. l
3.4 9.7

DEPARTMENT OF BANKING AND FINANCE STATE OF GEORGIA

ABSTRACT STATEMENT OF EARNINGS AND EXPENSES (AVERAGED BY SIZE) OF STATE BANKS IN GEORGIA FOR CALENDAR YEAR ENDING DECEMBER 31, 1980 (IN THOUSANDS)

Number of Banks Size of Banks

28

63

Less Than Percent- $5 Million

$5 Million age*

to $10 Million

OPERATING INCOME

Interest and Fees on Loans

$ 205

Interest on Balance with Banks

6

Interest on Fed. Funds Sold and Sec.

Pur. under Agreement to resell

72

Interest on U.S. Treasury Sec.

34

Interest Obligations of Fed. Govt.

26

Interest on Obligations of SCM

6

Interest on Other Bonds, Notes, Debs.

0

Dividends on Stock

0

Income from Direct Lease Financing

0

Income from Fiduciary Activities

0

Serv. Charges on Deposit Accounts

19

Other Serv. Charges, Comm., Fees

9

Other Income

5

TOTAL OPERATING INCOME

$382

53.7 1.6
18.8 8.9 6.8 1.6 0.0 0.0 0.0 0.0 4.9 2.4 1.3 100.0

$ 494 16
l 03
72
46 28 0 0 0 0 39 24 8 $ 830

OPERATING EXPENSES

Salaries and Employee Benefits

$ 87

22.8

Int. on Time Certificates

ll

2.9

Int. on Deposits in Foreign Offices

3

0.8

Interest on Other Deposits

138

36. l

Exp. of Fed. Funds Pur. and Sec. Sold

Under Agreement to Repurchase

l

0.3

Interest of Demand Notes

0

0.0

Interest on Other Borrowed Money

0

0.0

Interest on Sub. Notes and Debs.

0

0.0

Occupancy Expense of Premises, Net

13

3.4

Furniture and Equipment Expense

6

1.5

Provision for Possible Loan Loss

l

0.3

Other Expenses

57

14.9

TOTAL OPERATING EXPENSES

$ 317

83.0

$ 154 38 3 308
l l 0 l 21 18 39 l 09 $ 693

INCOME BEFORE INCOME TAXES, ETC.

65

17.0

137

Applicable Income Taxes INCOME BEFORE SEC GAINS/LOSSES

l2

3. l

$ 53

13.9

34 $ l 03

Securities Gains/Losses, Net INCOME BEFORE EXTRA EXPENSES

0

0.0

$ 53

13.9

( 2) $ l 01

Extraordinary Income/Expense NET INCOME

0

0.0

$ 53

13.9

0 $ l 01

Dividends Paid or Declared

5

1.3

NET INCOME AFTER TAXES AND DIVIDENDS $ 48

12.6

20 $ 81

* Percentage of Total Operating Income 27

Percentage*
59.5 1.9
12.4 8.7 5.5 3.4 0.0 0.0 0.0 0.0 4.7 3.0 0.9 100.0
18.6 4.6 0.4 37. l
0. l 0. l 0.0 0. l 2.5 2.2 4.7 13. l 83.5
16.5
4. l 12.4
(0.2) 12.2
0.0 12.2
2.4 9.8

DEPARTMENT OF BANKING AND FINANCE STATE OF GEORGIA

ABSTRACT STATEMENT OF EARNINGS AND EXPENSES (AVERAGED BY SIZE) OF STATE BANKS IN GEORGIA FOR CALENDAR YEAR ENDING DECEMBER 31, 1980 (IN THOUSANDS)

Number of Banks Size of Banks

54

92

$10 Million

Percent- $15 Million

To $15 Million age*

To $25 Mi 11 ion

OPERATING INCOME Interest and Fees on Loans Interest on Balance with Banks Interest on Fed. Funds Sold and Sec.
Pur. under Agreement to resell Interest on U.S. Treasury Sec. Interest Obligations of Fed. Govt.
Interest on Obligations of SCM Interest on Other Bonds, Notes, Debs. Dividends on Stock
Income from Direct Lease Financing Income from Fiduciary Activities Serv. Charges on Deposit Accounts Other Serv. Charges, Comm., Fees Other Income TOTAL OPERATING INCOME

$ 820 18
149 102 53 59
3 0 0 0 80 28 13 $ 1 '325

61.9 1.4
11.2 7.7 4.0 4.5 0.2 0.0 0.0 0.0 6.0 2.1 1.0 100.0

$ 1'3ll 29
222 145 119 1 08
0 0 0 0 115 45 24 $ 2, ll8

OPERATING EXPENSES Salaries and Employee Benefits Int. on Time Certificates Int. on Deposits in Foreign Offices Interest on Other Deposits Exp. of Fed. Funds Pur. and Sec. Sold
Under Agreement to Repurchase Interest of Demand Notes
Interest on Other Borrowed Money Interest on Sub. Notes and Debs. Occupancy Expense of Premises, Net Furniture and Equipment Expense Provision for Possible Loan Loss Other Expenses TOTAL OPERATING EXPENSES

$ 241 75 31 483
0 1 1 1 37 23 32 167 $ 1'092

18.2

$ 364

5.7

172

2.4

6

36.5

791

0.0

1

0.0

2

0.0

1

0.0

4

2.8

56

1.8

36

2.4

57

12.6

254

82.4

$ 1 '744

INCOME BEFORE INCOME TAXES, ETC.

233

17.6

374

Applicable Income Taxes INCOME BEFORE SEC. GAINS/LOSSES

47 $ 186

3.6 14.0

s 89 285

Securities Gains/Losses, Net INCOME BEFORE EXTRA EXPENSES

( 3) $ 183

(0.2) 13.8

( 6) $ 279

Extraordinary Income/Expense NET INCOME

0 $ 183

0.0

3

13.8

$ 282

Dividends Paid or Declared NET INCOME AFTER TAXES AND DIVIDENDS

34 $ 149

2.6

45

11.2

$ 237

* Percentage of Total Operating Income 28

-Percenj
aqe*
61.9 1.4
10.5 6.9 5.6 5. 1 0.0 0.0 0.0 0.0 5.4 2. 1 1.1 100.0
17.2 8.1 0.3 37.4.
0.0 0.0 0.0 0.2 2.7 1.7 2.7 12.0 82.3
17.7
4.2 13.5
(0.:3] 13.2
0.]__ 13.3
2. 1 11:2

DEPARTMENT OF BANKING AND FINANCE STATE OF GEORGIA

ABSTRACT STATEMENT OF EARNINGS AND EXPENSES (AVERAGED BY SIZE) OF STATE
BANKS IN GEORGIA FOR CALENDAR YEAR ENDING DECEMBER 31, 1980 (IN THOUSANDS)

Number of Banks size of Banks

97

38

$25 Mill ion

Percent- $50 Million

To $50 Mill ion age*

and Above

OPERATING INCOME Interest and Fees on Loans Interest on Balance with Banks Interest on Fed. Funds Sold and Sec.
Pur. under Agreement to resell Interest on U. S. Treasury Sec. Interest Obligations of Fed. Govt. Interest on Obligations of SCM Interest on Other Bonds, Notes, Debs. Dividends on Stock Income from Direct Lease Financina Income from Fiduciary Activities Serv. Charqes on Deposit Accounts Other Serv. Charges, Comm., Fees
Other Income TOTAL OPERATING INCOME

$ 2' 163 56
341 262 204 242
4 0 2 2 193 69 35 $ 3' 573

60.5 1.6
9.5 7. 3 5.7 6.8 0. 1 0.0 0.1 0.1 5.4 1.9 1.0 100.0

$ 9,450 108
1 '776 733 433 861 6 105 78 438 770 329 439
$ 15' 526

OPERATING EXPENSES Salaries and Employee Benefits Int. on Time Certificates Int. on Deposits in Foreign Offices Interest on Other Deposits Exp. of Fed. Funds Pur. and Sec. Sold
IJnder Agreement to Repurchase
Interest of Demand Notes Interest on Other Borrowed Money Interest on Sub. Notes and Debs. Occupancy Expense of Premises, Net Furniture and Equipment Expense Provision for Possible Loan Loss Other Expenses TOTAL OPERATING EXPENSES

$ 595 351 12
1 '298
13 7 3 9 87 68 89 390 $ 2,922

16.7

$ 2 '751

9.8

1 '621

0.3

2

36.3

3,134

0.4

1 '797

0.2

86

0.0

13

0.3

60

2.4

426

2.0

362

2.5

544

10.9

2,063

81.8

$ 12,859

INCOME BEFORE INCOME TAXES, ETC.

651

18.2

2,667

Applicable Income Taxes INCOME BEFORE SEC. GAINS/LOSSES

157 $ 494

4.Ll

722

13.8

$ 1 '945

Securities Gains/Losses, Net INCOME BEFORE EXTRA EXPENSES

( 11)
$ 483

(0.3) 13.5

(49) $ 1'896

Extraordinary Income/Expense NET INCOME

0 $ 483

0

26

13.5

$ 1 '922

Dividends Paid or Declared NET INCOME AFTER TAXES AND DIVIDENDS

144 $ 339

4.0

791

9.5

$ 1 '131

* Percentage of Total Operating Income
29

Percentaqe*
60.9 0.7
11.4 4.7 2.8 5.6 0.0 0.7 0.5 2.8 5.0 2.1 2.8 100.0
17.7 10.5 0.0 20.2
11.6 0.6 0.0 0.4 2.7 2.3 3.5 13.3 82.8
17.2
4.7 12.5
( 0. 3) 12.2
0.2 12.4
5. 1 7.3

DEPARTMENT OF BANKING AND FINANCE STATE OF GEORGIA
ABSTRACT OF OTHER EXPENSES OF STATE BANKS IN GEORGIA FOR CALENDAR YEARS ENDED DECEMBER 31, 1980 AND DECEMBER 31, 1979 (IN THOUSANDS)

Year Number of Banks
Advertising and Publicity Printing, Stationery and Supplies Postage and Express Telephone and Telegraph Premiums on Blanket Bond Premiums on Other Insurance Examination Fees Federal Deposit Insurance Membership, Dues and Donations Legal Fees and Expenses Travel Independent Audit Expenses Cost of Automated Accounting Service Miscellaneous Operating Expenses Directors' Fees
TOTAL OTHER OPERATING EXPENSES

1980 372
$ 12,264 15 '584 l 3' 097 7,878 2 '765 2,394 2,037 3,354 5,600 5' 711 4,884 2,717 20,723 50,382 7,648
$157,038

1979 376
$ 11 '401 13,765 12,055 7,285 2,541 2,307 l ,892 3,525 4 '112 4,680 4,030 2,239 20,263 53,067 6,576
$149,738

Increase+ Decrease-
$ 863+ l ,819+ l '042+
593+ 224+ 87+ 145+ 171l ,488+ l '031 + 854+ 478+ 460+ 2,685l '072+
$7,300+

AVERAGED ABSTRACT OF OTHER EXPENSES OF STATE BANKS IN GEORGIA FOR CALENDAR YEARS ENDED DECEMBER 31, 1980 AND DECEMBER 31, 1979

Year Number of Banks Averaged

1980

Percentage* 1979 Percentage*

372

376

Advertising and Publicity

$ 33

Printing, Stationery and Supplies

42

Postage and Express

35

Telephone and Telegraph

21

Premiums on Blanket Bond

8

Premiums on Other Insurance

6

Examination Fees

6

Federal Deposit Insurance

9

Membership, Dues and Donations

l5

Legal Fees and Expenses

l5

Travel

13

Independent Audit Expenses

7

Cost of Automated Accountinq Service 56

Miscellaneous Operating Exp~nses

135

Directors' Fees

21

l.O

$ 30

l .l

1.2

37

1.3

l.O

32

l.l

0.6

19

0.7

0.2

7

0.2

0.2

6

0.2

0.2

5

0.2

0.3

10

0.3

0.4

11

0.4

0.4

12

0.4

0.4

11

0.4

0.2

6

0.2

1.7

54

l .9

4.0

141

4.9

0.6

l7

0.6

TOTAL OTHER OPERATING EXPENSES

$422

12.4

$398

13.9

* - PERCENTAGE OF CURRENT OPERATING INCOME 30

DEPARTMENT OF BANKING AND FINANCE STATE OF GEORGIA
ABSTRACT OF OTHER EXPENSES (AVERAGED BY SIZE) OF STATE BANKS IN GEORGIA FOR CALENDAR YEAR ENDED DECEMBER 31, 1980 (ROUNDED TO HUNDREDS)

Number of Banks
Size of Banks
Advertising and Publicity Printing, Stationery and Supplies Postage and Express Telephone and Telegraph Premiums on Blanket Bond Premiums on Other Insurance Examination Fees Federal Deposit Insurance Membership, Dues and Donations Legal Fees and Expenses Travel Independent Audit Expenses Cost of Automated Accounting Service Miscellaneous Operating Expenses Directors' Fees
TOTAL OTHER OPERATING EXPENSES

28 Less Than $5 Million
$ 2,700 7,400 4,000 2,500 3,700 2,300 2,300 l 'l 00 l ,600 2,300 3,300 2,500 2,900 10,000 8,400
$57,000

63 $5Million to $1 0 ~1 i ll i on
$ 8 'l 00 13,000 8, 300 4'l 00 4'l 00 3,500 3,900 2,700 3,700 4,300 3 '500 3,100 14,200 23,000 9,400
$108,900

54 ~10 Million to $15 ~1i ll ion
~ l 5' l 00 18,300 14,300 6,800 4,800 4,100 4,400 3,900 4,600 6,300 5,300 4,300 25,200 33,400 15,800
$166,600

PERCENTAGE OF TOTAL CURRENT OPERATING INCOME

Advertising and Publicity

0.7

l.O

1.2

Printing, Stationery and Supplies

1.9

l. 6

l .4

Postage and Express

l.O

l.O

l.O

Telephone and Telegraph

0.7

0.5

0.5

Premiums on Blanket Bond

0.9

0.5

0.4

Premiums on Other Insurance

0.6

0.4

0.3

Examination Fees

0.6

0.5

0.3

Federal Deposit Insurance

0.3

0.3

0.3

Membership, Dues and Donations

0.4

0.4

0.4

Legal Fees and Expenses

0.6

0.5

0.5

Travel

0.9

0.4

0.4

Independent Audit Expenses

0.7

0.4

0.3

Cost of Automated Accounting Service

0.8

1.7

1.9

Miscellaneous Operating Expenses

2.6

2.8

2.5

Directors' Fees

2.2

l.l

1.2

TOTAL OTHER OPERATING EXPENSES

14.9

13. l

12.6

31

DEPARTMENT OF BANKING AND FINANCE STATE OF GEORGIA
ABSTRACT OF OTHER EXPENSES (AVERAGED BY SIZE) OF STATE BANKS IN GEORGIA FOR CALENDAR YEAR ENDED DECEMBER 31, 1980 (ROUNDED TO HUNDREDS)

Number of Banks
Size of Banks
Advertising and Publicity Printing, Stationery and Supplies Postage and Express Telephone and Telegraph Premiums on Blanket Bond Premiums on Other Insurance Examination Fees Federal Deposit Insurance Membership, Dues and Donations Legal Fees and Expenses Travel Independent Audit Expenses Cost of Automated Accounting Service Miscellaneous Operating Expenses Directors' Fees
TOTAL OTHER OPERATING EXPENSES

92 $15 Million to $25 Million
$ 21 '700 27,000 20,800 ll '000 6'l 00 5,600 5,500 6,000 7,400 10,200 8,000 6,000 40,200 58,000 20,500
$254,000

97 $25Million to $50 Million
$ 33' 900 44,000 34,300 18,900 9' l 00 7,200 6,400 l 0 '200 ll ,400 15,500 9,500 9,700 71 '700 83,400 25,000
$390,200

38 $50 Mill ion and above
$ 146,600 179,300 169,700 114,200 18' 300 17,800 9,600 37 ,000 86,300 68,600 69,200 19 '000 203,500 880,500 43,500
$2 '063' l 00

PERCENTAGE OF TOTAL CURRENT OPERATING INCOME

Advertising and Publicity

1.0

0.9

0.9

Printing, Stationery and Supplies

1.3

1.2

1.2

Postaqe and Express

1.0

1.0

l.l

Telephone and Telegraph

0.5

0.5

0.7

Premiums on Blanket Bond

0.3

0.3

0 .l

Premiums on Other Insurance

0.3

0.2

0 .l

Examination Fees

0.3

0.2

0.0

Federal Deposit Insurance

0.3

0.3

0.2

Membership, Dues and Donations

0.3

0.3

0.6

Legal Fees and Expenses

0.5

0.4

0.5

Travel

0.4

0.3

0.5

Independent Audit Expenses

0.3

0.3

0 .l

Cost of Automated Accounting Service

1.9

2.0

1.3

Miscellaneous Operating Expenses

2.7

2.3

5.7

Directors' Fees

0.9

0.7

0.3

TOTAL OTHER OPERATING EXPENSES

12.0

l 0. 9

13.3

32

SUMMARY OF ACTIVITIES OF CREDIT UNIONS

CREDIT UNION CHARTER APPLICATIONS APPROVED

NAME OF CREDIT UNION

LOCATION

Engelhard Employees' Credit Union Vermont American Employees' Credit Union Concrete Credit Union Tappan Employees' Credit Union Sea Island Employees Credit Union IBEW Local 613 Credit Union G. H. E. Employees Credit Union Amarlite Employees' Credit Union Fieldale Credit Union American Freight System Employees Credit Union

Mcintyre Toccoa Macon Dalton
Sea Island Atlanta Atlanta
Atlanta Baldwin
Atlanta

APPROVED
2-27-80 2-27-80 3-31-80 5-01-80 5-23-80 7-16-80 8-21-80 9-09-80 l 0-08-80 ll-06-80

APPLICATIONS FOR VOLUNTARY LIQUIDATIONS AND/OR MERGERS

NAME OF CREDIT UNION
Saint Joseph's Hospital Employees' Credit Union

LOCATION Atlanta

ACTIVITY
Surrender of
Possessions

APPROVED 4-30-80

RECEIVERSHIP LIQUIDATIONS

NAME OF CREDIT UNION

LOCATION

Augusta Plant, TRW United

Augusta

Greenfield Divisions,

Employees' Credit Union

Unpaid Claims .

Liquidation Expenses Payable

Estimated Value of Remaining Assets

R. E. A. Employees Credit Union

Atlanta

CLOSED 3-09-79
12-08-75

Unpaid Claims . Estimated Value of Remaining Assets

Normandy Carpets Employees'

Dalton

Credit Union

Unpaid Claims .

Estimated Value of Remaining Assets

SAV Employees' Credit Union

Atlanta

Unpaid Claims .

Liquidation Fees Payable

Estimated Value of Remaining Assets

l-31-78 9-23-76

RECEIVER OR DEPUTY RECEIVER
GCUDIC
$26,219.88 173.28
16,070.74
Department of Banking
& Finance
$ 7,161.02 -0-
GCUDIC
$ -06,876.46
GCUDIC $23,657.64
47.15 4 '181 . 28

33

SUMMARY OF ACTIVITIES OF CREDIT UNIONS - Continued

RECEIVERSHIP LIQUIDATIONS

NAME OF CREDIT UNION

LOCATION

TEXACOTE Credit Union

Dalton

Unpaid Claims .

Liquidation Expense Payable

Estimated Value of Remaining Assets

DDI Employees' Credit Union

Dalton

Unpaid Claims .

Liquidation Expense Payable

Estimated Value of Remaining Assets

CLOSED 3-05-80
7-29-80

BYLAW APPLICATIONS APPROVED
Standard Form Bylaws Adopted Amendments to Standard Form Bylaws

RECEIVER OR DEPUTY RECEIVER
GCUDIC $ -0-
1,452.93 6,190.39
GCUDIC $ -0-
7,616.40 13,556.48
7 15

34

SUMMARY OF ADDITIONS AND DELETIONS DURING 1980

STATE-CHARTERED CREDIT UNIONS

IN OPERATION JANUARY 1, 1980

162

CREDIT UNIONS OPENING DURING YEAR

+1 0

Engelhard Employees' Credit Union Mcintyre

Vermont American Employees' Credit Union Toccoa

Concrete Credit Union Macon

Tappan Employees' Credit Union Dalton

Sea Island Employees Credit Union Sea Island

IBEW Local 613 Credit Union Atlanta

G.H.E. Employees Credit Union Atlanta

Amarlite Employees' Credit Union Atlanta

Fieldale Credit Union Baldwin

American Freight System Employees Credit Union Atlanta

CREDIT UNIONS DELETED BY MERGERS AND LIQUIDATIONS

-3

Texacote Credit Union Dalton

Saint Joseph's Hospital Employees' Credit Union Atlanta

DDI Employees Credit Union Dalton
TOTAL ACTIVE CREDIT UNIONS IN OPERATION DECEMBER 31, 1980 . . . . . . . . 169

35

LIST OF STATE CREDIT UNIONS

CITY
Albany Albany Albany Albany Americus Athens Athens Athens Athens Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta w Atlanta 0"1 Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta

COUNTY
Dougherty Dougherty Dougherty Dougherty Sumter Clarke Clarke Clarke Clarke Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Cobb DeKa 1b Fulton Fulton Cobb Cobb Fulton DeKa 1b Fulton Fulton Fulton Fulton Cobb Fulton

NAME OF CREDIT UNION
Albany Federal Employees Carlton Keenan Phoebe Putney Employees' Sumter County Teachers AGH Employees' Athens Division C. C. E. A. Dairy-Pak Athens A D Co. Employees Amarlite Employees'
AMCO American Freight System Employees AMILSCO ARt~ CO Associated Atlanta City Employees Atlanta Coca-Cola Bottling Co. Employees' Atlanta Cooperative Credit Association Atlanta Posta 1 Atlanta Railway Postal Clerks Atlanta Teachers Atlantic Steel Chevron Southern DayCo Delta Employees DuPont Atlanta Employees' Employes, Swift and Company The Federal Employees Fulton Teachers Georgia Central Georgia Department of Human Resources Georgia Department of Public Safety Georgia DOT Georgia E.S.A. Georgia International Georgia State Department of Education

*CONVERTED FROM FEDERAL TO STATE CHARTER **AMOUNTS IN THOUSANDS

CHARTER DATE
12-14-33 8-11-53 12-29-36 5-15-74 4-04-36 10-28-75 3-07-29 5-18-59 3-25-57 4-10-53 9-10-80 6-02-58 11-07 -80* 2-24-60 3-17-48 1-23-56 8-30-28 5-04-73 2-02-39 11-03-25 3-15-28 11-26-26 11-26-26 11-23-33 10-31-75 3-08-40 8-12-49 4-27-33 3-31-30 11-02-30 5-01-36 7-30-51 6-22-70 11-19-51 1-05-40 12-10-62 3-15-54

TOTAL ASSETS**
1 ,873 88 750 237 160 95 688 201 137 373 -0264
7,384 31 93
9,302 5,827 2,537
171 73,923 4,632 8,495 4,578
831 437 127,576 331 291 41 ,862 4,232
51 '097 2,931 1 ,299
5,782 2,201
379 6,871

LIST OF STATE CREDIT UNIONS

CITY

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

w
-....,J

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Augusta Augusta
Augusta Augusta Bainbridge Baldwin Brunswick

COUNTY
Fulton Fulton DeKa 1b Cobb Fulton Fulton Fulton Fulton Fulton Fulton DeKa 1b Fulton DeKa l b DeKa 1b Fulton Fulton DeKa l b Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton
Richmond Richmond Richmond Richmond Decatur Banks Glynn

NAME OF CREDIT UNION
Georgia Telco G. H. E. Employees GTA John J. Harte Associates H M B Employees Hospital Authority Employees IBEW Local 613 Journal-Constitution Employees Marion Manufacturing Mead Packaging Employees 1 Mr. Friendly Munford Employees t~utual Savings Orange Disc Piedmont Hospital Presbyterian Center Reliance Rich 1 s Employees
Ruralist Sewell Employees 1 S. M. C. R. C. Southern Freight Bureau Employees State Employees The Thrift United Family Employees US SAC White Columns WILLIAMS BROS. Employees~ Savings
and Credit Association GPC Health Center
King Mill Savings &Credit Association
Richmond County Health Department Employees Bainbridge Mills Credit Association Fieldale Glynn County Federal Employees

*CONVERTED FROM FEDERAL TO STATE CHARTER ** AMOUNTS IN THOUSANDS

CHARTER DATE
12-06-43 8-21-80* 10-01-75 3-28-74 l-11-73 5-15-46 7-21-80 4-30-28 5-25-60 4-30-28 6-23-58 6-14-73 12-23-33 10-07-41 3-29-74 ll-26-56 1-23-78 3-04-38 8-06-47 l-14-75 l-10-39 11-19-35 ll-14-61 10-24-28 8-07-56 3-24-33 6-11-64 9-20-78
6-10-74 l-16-76 6-20-57 12-20-52 l-31-75 10-10-80* 4-03-53

TOTAL ASSETS**
104,405 1 '703 1 '1 02 74 497 l '707 179 3,891 16
2 '11 0 99 360
6,772
l '031 338 210
4,081 10,365
220 327 210 459 7 '189 5,426 214 777 296 391
265 603 l '905 241 248 451 3,397

CITY

Calhoun

Calhoun

Chamblee

College Park

Columbus

Columbus

Columbus

Columbus

Columbus

Columbus

Co 1umbus

Columbus

Cordele

Cornelia

Cornelia

Dalton

Dalton

w
():)

Dalton

Decatur

Decatur

Decatur

Decatur

Decatur

Doraville

Doraville

Douglas

Dry Branch

Dub 1 in

Eastman

East Point

East Point

East Point

East Point

Fitzgera 1d

COUNTY
Gordon Gordon DeKa 1b Fulton Musco gee
r~uscogee
Muscogee Muscogee
~1uscogee
Musco gee
~1uscogee
Musco gee Crisp Habersham Habersham Whitfield Whitfield Whitfield DeKa 1b DeKa 1b Dekalb DeKa 1b DeKa 1b DeKa 1b Gwinnett Coffee Bibb Laurens Dodge Fulton Fulton Fulton Fulton Ben Hill

* AMOUNTS IN THOUSANDS

LIST OF STATE CREDIT UNIONS
NAME OF CREDIT UNION
Calhoun-Gordon County Educators' Crown Crafts, Inc. Employees' Lay Employees Savings and Loan Associated Grocers W. C. Bradley Employees' Credit Association Columbus Coca-Cola Employees
Columbus Health &Hospital
Columbus Postal Columbus Regional Hospital "CPC" Gas Light Employees Swift Harris Employees Ethicon Statco
N. G. E. M. C.
Tappan Employees Whitfield County Postal Employees Decatur Employees' Decatur Postal Employees Decatur Teachers Kraft Emp1oyees The Woodco
F. D. & L. Employees
Gaylord Employees' Coffee General Hospital Employees Georgia Kaolin Employees Dublin Federal Employees Stuckey's Employees' Association Colonial Stores Employees East Point Municipal Employees Perry Communications WASE P. H. P Credit Association

CHARTER DATE
1-14-75 6-ll-76 9-04-51 6-29-32 9-30-75 10-06-48 11-25-53 1-07-27 7-18-75 2-15-73 11-12-57 2-26-65 5-19-47 1-30-79 1-18-65 8-27-52 5-06-80 3-02-51 12-31-79 10-30-51 ll-16-55 5-29-34 6-17-53 6-03-45 2-14-55 3-03-72 1-08-51 1-16-51 10-04-60 8-13-29 3-06-41 8-27-62 5-14-62 4-05-76

TOTAL ASSETS*
121 157 1 ,520 1 ,025 87 61 716 6,747 60 23 258 991 254 165 357 221 28 366 27 836 349 4,393 107
778
213 96 399 608 70 ll ,570 351 265 82 447

CITY
Forest Park Fort McPherson Ga i nesvill e Gainesville Gordon Griffin Hapeville Hazlehurst Hazlehurst
Helen Jackson Jonesboro Jonesboro LaFayette LaGrange Macon w Macon <.0 Macon Macon Macon Macon Macon Macon
r~acon
Macon Marietta Mcintyre Milledgeville Milledgeville Monroe Montezuma Moultrie Nashville Norcross Norcross Pine Mountain

COUNTY
Clayton Fulton Hall Hall Wilkinson Spalding Fulton Jeff Davis Jeff Davis
White Butts Clayton Clayton Walker Troup Bibb Bibb Bibb Bibb Bibb Bibb Bibb Bibb Bibb Bibb Cobb Wilkinson Baldwin Baldwin Walton Macon Colquitt Berrien Gwinnett Qwinnett Harris

*AMOUNTS IN THOUSANDS

LIST OF STATE CREDIT UNIONS
NAME OF CREDIT UNION
Sexton Atlanta Employees Fort McPherson CITISCO Credit Association HCH Employees' Freeport Kaolin Employees'
Launderers &Cleaners
Hapeville Employees' H and S Employees Credit Association Patchogue-Plymouth Employees Credit
Association
ORBIT SAVINGS & CREDIT ASSOCIATION
CGEMC Employees C. C. B. E. Employees
Clayton Cities &County Employees
Roper LaFayette Employees' West Central Georgia Educators' City Employees Concrete Federal Employees Georgia Kraft Employees Macon Firemen's Macon Police Macon Water Works Medical Center of Central Georgia
The Proctor &Gamble Macon Employees
Smith and Sons Employees
C-t~AR
Engelhard Employees' Baldwin County Hospital Employees Central State Hospital Champion Employees' Credit Association Southern Frozen Employees
Employes, Swift &Company
Nashville Mills Employees Genuine Parts Rock-Tenn Company Employees Callaway Gardens

CHARTER DATE
l-12-45 7-23-48 8-14-62 10-15-74 5-15-79 3-09-72 3-29-79 8-02-72 8-15-68
9-27-77 9-09-53 12-30-57 l-05-71 3-29-74 ll-27-73 2-28-51 4-02-80 2-01-26 l-31-49 4-18-42 10-02-50 7-ll-50 12-01-71 3-12-46 6-07-73 l 0-29-64 3-04-80 l-06-58 8-28-52 8-19-77 ll-22-72 4-24-33 ll-21-72 l -25-37 7-30-74 7-26-77

TOTAL ASSETS*
91 4,948
38 172 133 l ,070 92 129 l ,460
168 186 l ,4ll l ,302 81 49 221 64 l ,997 2,892 159 283 194 886 488 226 2,377 65 255 6,360 213 150 220 714 472 342 228

CITY

Ringgold

Rome

Rome

Savannah

Savannah

Savannah

Savannah

Savannah

Savannah

Savannah

Savannah

Savannah

Savannah

Savannah

Sea Island

Stateboro

~
0

Tallapoosa

Thomasville

Thomasville

Toccoa

Toccoa

Tucker

Valdosta

Valdosta

Vidalia

Warner Robins

Wrens

COUNTY
Catoosa Floyd Floyd Chatham Chatham Chatham Chatham Chatham Chatham Chatham Chatham Chatham Chatham Chatham Glynn Bulloch Haralson Thomas Thomas Stephens Stephens DeKa l b Lowndes Lowndes Toombs Houston Jefferson

LIST OF STATE CREDIT UNIONS
NAME OF CREDIT UNION
Salem Carpet Mills Floyd County Postal Employees Rome Kraft Employees Family Lines Credit Union of Savannah G. P. A. Health Employees Chatham County Savannah Electric and Power Employees Savannah Federal Savannah J-Mers Savannah Postal Savannah Regional Hospital Savannah Transit Southern States Employees Workmen's Circle Sea Island Employees Bulloch County School Employees Dixisteel
Davis Industries Credit &Savings Association
Flowers Employees Credit League Vermont American Employees' Wright Manufacturing Employees Doctors Hospital Employees' Valdosta Educators Valdosta Onized Oxford Employees' Warner Robins Employees Georgia-Tennessee Mining and
Chemical Employees

*CONVERTED FROM FEDERAL TO STATE CHARTER **AMOUNTS IN THOUSANDS

CHARTER DATE
7-06-73 4-17-26 3-31-55 12-29-28 ll -17-52 8-01-55 4-ll-39 6-10-31 9-18-64 6-23-52 4-17-72 l-03-46 12-03-70 2-06-50 5-27-80* 6-21-74 4-13-62 10-13-70 ll-17-71 3-04-80 ll-18-63 7-29-74 ll-28-72 7-30-54 12-09-76 10-09-69 3-31-70

TOTAL ASSETS**
339 476 4,485 2,482 l , 120 573 1 ,200 668 243 l ,463 242 98 l 07 708 l ,436 482 477 202 2, l 06 72 l, 034 216 535 3,929 339 532 25

ABSTRACT OF REPORTS OF CONDITION OF
STATE-CHARTERED CREDIT UNIONS AS OF DECEMBER 31, 1980 WITH COMPARATIVE STATEMENT AS OF DECEMBER 31, 1979 (Amounts in thousands)

Dec.3l,l980 %* Dec. 31,1979

ASSETS

Cash on hand and in banks $ 5,813

Shares, deposits, certif.

42,525

in banks and s &1 's

Shares, deposits, and certif. 33,313

in other credit unions

U.S. Government Obligations

9,495

Federal Agency Securities

35,417

Common Trust Investments

5,572

GCUDIC Investments

755

Other Investments

28,862

Loans

449,234

Other Assets

8,005

TOTAL ASSETS

$618,991

.9 6.9
5.4
1.5 5.7
.9 .1 4.7 72.6 1.3
100.0

$ 6,372 17 ,851
8,526
58' 136 ** ** 721 8,583
436,877 6,711
$543 '777

%*

Amount Percent

Increase+ Increase+

Decrease- Decrease-

1.2 3.3
1.6
10.7 ** **
.1 1.6 80.3 1.2
100.0

$ 55924,674+
24,787+
48,64135,417+ 5,572+
34+ 20,279+ 12 ,357+ 1 ,294+
$75,214+

8.8138.2+
290.7+
83.7** ** 4.7+
236.3+ 2.8+ 19.3+
13.8+

LIABILITIES
Member savings deposits, and certificates
Accounts Payable Notes Payable Div/Int on deposits
payable Other Liabilities
TOTAL LIABILITIES

$581,254 93.9 $492,369

590 1 '947 4,481

.1

260

.3

18,990

.7

3,447

1 ,697

.3

1,829

$589,969 95.3 $516,895

90.5 $88,885+

.1

330+

3.5 17,043-

.6 1 ,034+

.3

132-

95.0 $73,074+

18.1+
126. 9+ 89.830.0+
7.214.1 +

CAPITAL
Reserves Undivided Earnings
TOTAL CAPITAL
TOTAL LIABILITIES & CAPITAL

$ 20,532 8,490 29,022
$618,991

3.3 1.4 4.7 100.0

$ 19 ,454 7,428 26,882
$543,777

3.6 1.4 5.0 100.0

$ 1 ,078+ 1 ,062+ 2, 140+
$75,214+

5.5+ 14.3+ 8.0+ 13.8+

* Percent of Total Assets **Included with U.S. Government Obligations in 1979 Report.

41

ABSTRACT OF STATEMENTS OF INCOME AND EXPENSE OF STATE-CHARTERED CREDIT UNIONS AS OF DECEMBER 31, 1980

Calendar Year Ending
12-31-80

%* Calendar Year Ending 12-31-79

%* Amount

Amount

Increase+ Increase+

Decrease- Decrease-

INCOME
Interest on Loans Income from Investments Other Income

$49,456 10,305
565

82.0 $46,479

17.1

5,779

.9

339

88.4 $2,977+

11 .0 4,526+

.6

226+

6.4+ 78.3+ 66.7+

TOTAL INCOME

$60,326 100.0 $52,597 100.0 7,729+

14.7+

EXPENSES
Employee Comp &Benefits Travel , meetings &Conferences
Association Dues Office Occupancy Office Operations
Educational &Promotional
Member insurance
Examination &Supervision
Interest on borrowed money
Legal, professional, &
outside services Miscellaneous

$ 6,291 166 165 302
1 ,557 266
2,265 209 363 835
1 ,247

10.4 $ 5,245

.3

207

.3

158

.5

154

2.6

1 ,395

.4

210

3.7

2 '185

.3

202

.6

1,846

1.4

877

2.1

843

10.0 $1,046

.4

41-

.3

7+

.3

148+

2.6

162+

.4

56+

4.1

80+

.4

7+

3.5 1,483-

1.7

42-

1.6

404+

19. 9+ 19.84.4+ 96.1+ 11.6+ 26.7+ 3.7+ 3.5+ 80.34.8-
47.9+

TOTAL EXPENSES

$13,666

22.6 $13,322

25.3

344+

2.6+

NET OPERATING INCOME

$46,660

77.4 $39,275

74.7 7,385+

18.8+

DISTRIBUTION OF NET OPERATING INCOME
To Reserves
To Div/Int on Shares &Deposits
To increase Undivided Earnings

$ 3,267 42,584
809

$46,660

5.4 $ 3,169

70.6

35,201

1.4

905

77.4 $39,275

6.1

98+

66.9 7,383+

1.7

96-

74.7 7,385+

3.1+ 21.0+ 10.6-
18.8+

* - Percent of Total Income.

42

GEORGIA CREDIT UNION DEPOSIT INSURANCE CORPORATION STATEMENT OF ASSETS AND LIABILITIES

ASSETS Cash in Bank ................................ . Investments- Certificates of Deposit, etc .. . Due from Members ............................ . Due from Credit Union in Liquidation ........ . Fixed Assets ................................ . Other Assets ................................ .
TOTAL ASSETS ................................... .
LIABILITIES, RESERVES, CAPITAL Miscellaneous Accounts Payable .............. . Reserve against Insurance Liabilities* ...... . Capital -Members' Paid-in Fees ............. .
TOTAL LIABILITIES, RESERVES, CAPITAL ........... .

12-31-80

12-31-79

$ 44,286 1,793,462
8,033 9,290 4,286 16,715 $1,876,072

$ 11,603 1,389,620
13' 248 85,030
4,550 16,320 $1,520,371

$ 6,004 1,107,377
762,691 $1 ,876,072

$ 2,295 784,013 734,063
$1,520,371

* Reinsurance carried $3,000,000 ($1 ,350,000 deductible)

43

CITY Canton

LIST OF STATE-CHARTERED BUILDING AND LOAN ASSOCIATIONS

CHARTER

COUNTY

NAME OF BUILDING & LOAN

DATE

Cherokee

North Georgia Savings and Loan Association, Inc.

3-29-79

TOTAL ASSETS
7,760,442

REPORT OF CONDITION OF GEORGIA BUILDING AND LOAN ASSOCIATION
AS OF DECEMBER 31, 1980
ASSETS
Cash Loans on Real Estate Other Loans Investment GDIC Membership Fee Other Investments Accrued Interest Fixed Assets (net) Accrued Interest Receivable
TOTAL ASSETS

82,815 3,861,349
169,095 20,251 3,522,192 23,969 49,727 31 ,044
7,760,442

LIABILITIES, RESERVE, AND CAPITAL
Regular Installments Paid on Shares Loans in Process Accrued Interest Payable Organizers' Pledged Deposits Other Liabilities
TOTAL LIABILITIES
Reserves Surplus and Undivided Earnings
TOTAL NET WORTH
TOTAL LIABILITIES & NET WORTH

7,315,628 262,023 54,239 62,525 3,65t!_
7,698,069 35,624 26,749 62,373
7,760,442

44

ABSTRACT OF STATEMENTS OF INCOME AND EXPENSE OF STATE-CHARTERED BUILDING AND LOAN ASSOCIATION AS OF DECEMBER 31, 1980

INCOME
Interest on Loans
Interest on Investments &Deposits
Other Income

$212,214
253,279 41,439

TOTAL INCOME
EXPENSES Directors' Fees
Employee Comp &Benefits
Office Occupancy Office Operations GDIC Insurance Premiums Audit Expense
Examination &Supervision
Other Operating Expenses
TOTAL EXPENSES
NET OPERATING INCOME

$506,932
$ 1 '925 29,547 8,757 15,474 (715) 1 '212 695 2 '182
$ 59' 077 ---$447,855

DISTRIBUTION OF NET OPERATING INCOME
To Dividends & Interest
on accounts To Undivided Earnings

$405,370 42,485
$447,855

45

FIRMS LICENSED BY THE COMMISSIONER UNDER THE GEORGIA SALE OF CHECKS ACT,
APPROVED MARCH 2, 1965
(Chapter 41A-32, Financial Institutions Code of Georgia)

Name and Location

Total Number of Georgia Agents

American Express Company

721

American Express Plaza

New York, N.Y. 10004

Associates Financial Express, Incorporate . . . . . . . . . . . . . . 148 P. 0. Box 220097 Dallas, Texas 75222

BA Cheque Corporation &

. . . . . . . . . . . . . . . . . 272

BankAmerican Corporation

One Powell Street

San Francisco, California 94102

Barclays Bank International Limited
200 Park Avenue New York, N.Y. 10017

The Chase Manhattan Corp. .

0

One Chase Manhattan Plaza

New York, N.Y. 10081

Citicorp &Citicorp Service, Inc . . . . . . . . . . . . . . . . . . . 203
399 Park Avenue New York, N.Y. 10043

Thomas Cook, Inc.

6

11 West 42nd Street

New York, N.Y. 10036

46

SALE OF CHECK COMPANIES - Continued

Name and Location

Total Number of Georgia Agents

First Chicago Cheque Corp. . . . . . . . . . . . . . . . . . .

12

P. 0. Box 8289

Chicago, Ill. 60680

Munford, Inc. . . . . . . .

267

P. 0. Box 7701, Station C

Atlanta, Georgia 30309

National Money Orders, Inc.

25

3200 Travis Street

Houston, Texas 77006

Republic Money Orders, Inc. . . . . .

366

1700 Republic National Bank Building

Dallas, Texas 75201

Travelers Express Company, Inc.

668

5075 Wayzata Boulevard

Minneapolis, Minnesota 55416

47